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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Romania : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    22/12/2022 : € 50,000,000

    Summary sheet

    Release date
    30 June 2022
    Status
    Reference
    Signed | 22/12/2022
    20200485
    Project name
    Promoter - financial intermediary
    EXIMBANK ROMANIA LOAN FOR SMES & MIDCAPS
    BANCA DE EXPORT-IMPORT A ROMANIEI EXIMBANK SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a loan financing eligible projects promoted by Small and Medium-sized enterprises (SMEs) and MidCaps in Romania.

    The aim is to increase availability of long-term financing for projects carried out by SMEs and mid-caps operating in various sectors.

    Additionality and Impact

    Operation aims to help mitigate market failure of SME and Midcaps' 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 (85% 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. Most important contributions of EIB loan will be: long term funding in local currency, diversification of external funding, and signalling effect for other financiers to provide similar long-term loans to Borrower. Finally, 20% of the loan amount will be specifically dedicated to Gender Equality, improving the access to finance for companies led by women.


    Environmental aspects
    Procurement

    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.

    Media enquiries

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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