Signature(s)
Summary sheet
- Credit lines - Credit lines
The operation consists of a synthetic securitisation guarantee.
The aim is to support eligible small/medium sized projects, including those focusing on green investments, carried out by small and medium sized enterprises (SMEs) and mid-caps in Romania.
Operation aims to help mitigate market failure of SME and Mid-Caps' insufficient access to long term funding for their investments at low financing costs. By addressing these market gaps, which are more acute in Romania compared to EU average, project in particular supports strengthening of EU's economic, social and territorial cohesion (73% expected to be implemented in cohesion regions). The small size of SMEs makes them more vulnerable to economic cycles and more constrained in opportunities for growth. A majority of the final beneficiaries are active in the agriculture sector. Additionally, 30% of the loan amount will be specifically dedicated to Climate Action. The guarantee under this operation provides capital relief, freeing up resources that allow the Financial Intermediary to increase support to SMEs and MidCaps under the new portfolio. The present operation builds on the solid track record of a previous similar guarantee operation with this financial intermediary, during which the FI leverages on his specific franchise in the target market to use the proceeds of the generated capital relief for the support of local SMEs and MidCaps, thereby multiplying the impact of EIB funds.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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