BANCI | ENGLISH

EIB and BCR support projects of SMEs, midcaps and municipalities in Romania

Autor: Bancherul.ro
2012-05-24 16:58

The European Investment Bank (EIB) and Banca Comerciala Romania S.A. (BCR) sign EUR 50 million loan agreement to finance projects to be carried out by small and medium-sized enterprises (SMEs), midcap companies and public entities in Romania, according to a statement.

The EIB loan will co-finance projects contributing towards regional development and the productivity of SMEs and midcap companies in Romania involved in industry and services. Energy efficiency investments carried out by SMEs will also receive grant support from the European Commission (EC) under the SME Finance Facility Energy Efficiency Window, which provides for cooperation between the EIB and the EC to reduce CO2 emissions in construction and industry.

Mr Plutarchos Sakellaris, EIB Vice-President responsible for Romania, stated: “EIB funds will improve access to long-term finance for SMEs, midcap companies and municipalities. This will help to strengthen Romania’s competitiveness, as these companies form the backbone of the country’s economy, create a significant amount of employment, particularly new job opportunities, and generate a substantial proportion of GDP”.

This loan is in line with the EIB’s priority to support Europe’s SMEs to help mitigate the effects of the financial crisis. To this end, the EIB is joining forces with well-established financing institutions, like BCR, that know the local market and have SMEs, midcap companies and public entities as their customers. This loan builds on the EIB’s successful cooperation with BCR. The Bank has previously granted two credit lines to BCR to support indirectly smaller SME projects.

Mr. Wolfgang Schoiswohl, BCR Vice-President responsible for Corporate Banking stated: “BCR's agreements with EIB turn into loans for the real economy. Out of EIB sources BCR has financed companies in sectors such as agriculture, production, tourism or transportation. Together with EIB, BCR is providing accessible financing to help kick-off investments, enhance productivity and support employment in a challenging economic environment. Our successful cooperation is further supporting the absorption of EU funds in Romania, considering more than 75% of EIB funds are allocated to projects developed with EU financing.”

Since 2000, BCR has been involved in supporting Romanian SMEs develop viable projects through competitive financing schemes, together with international partners. BCR has financed so far over 10,000 such projects, for which the total co-financing value surpasses EUR 1 bn.

Background

The European Investment Bank is the long-term lending institution of the European Union and is owned by the EU Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Banca Comerciala Romana (BCR), a member of the Erste Group, offers a full range of financial products and services, through a network of 48 corporate commercial centers and 668 retail branches and agencies. BCR is the No. 1 bank in Romania assets-wise (over EUR 17 billion worth), the No. 1 bank according to the number of clients and the No. 1 bank on the saving and lending segments.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

19.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Septimiu Postelnicu , Directorul Diviziei Retail
UniCredit Bank

Septimiu Postelnicu are o experienta de peste 13 ... vezi profil

Toate Profilele

Profil de Banca

CEC Bank

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii
Am depus bani și nu mi au intrat in cont
Sa se rezolve ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126