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Reference: 20200485
Release date: 30 June 2022

Promoter – Financial Intermediary

BANCA DE EXPORT-IMPORT A ROMANIEI EXIMBANK SA

Location

Description

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

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.


Objectives

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

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 - 22/12/2022

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).

Related tags

Romania Credit lines