The European Investment Bank (EIB) is lending €140 million to
two Romanian banks, for them to support Romanian SMEs through
leasing projects. Bancpost will receive €80 million and EFG Leasing
Romania will receive €60 million.
Together, Bancpost and EFG Leasing Romania will use the EIB’s
€140 million to finance SME projects in the industry, agriculture,
tourism, health, energy and environmental sectors.
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EFG Leasing Romania also said that up to 30 percent of the funds
would be available to finance projects for larger enterprises and
public sector entities.
Since 1990, the EIB has loaned some €6.6 billion to Romanian
banks, of which €530 million has been used to back SMEs and
municipal projects.
Jason T Hesse
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