Reference: 20200394
Release date: 18 June 2020

Promoter – Financial Intermediary

CEC BANK - SA

Location

Description

The project consists in a dedicated loan to finance small and medium sized projects carried out by Romanian SMEs and miidcaps affected by the COVID-19 crisis.

Objectives

The aim is to enhance access to finance for SMEs and midcaps. This operation will contribute to mitigate the negative economic effects of the pandemic outbreak.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 30/07/2020

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Romania Credit lines