CEC Bank and IDB Extend Guarantees for SMEs: up to 80% Coverage and Loans in Euro
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The Romanian Commercial Bank (BCR) and the Investment and Development Bank (IDB) extend the SME financing partnership, with a guarantee ceiling of 710 million lei, which allows the granting of loans of more than 1 billion lei. The new conditions include revolving credit lines for working capital, euro financing and guarantees of [...]
The Romanian Commercial Bank (BCR) announces that its partnership with the Romanian Investment and Development Bank (BID) to support and finance SMEs, through the guarantee mechanism of credit portfolios, is extended through revolving loans, the possibility of financing in euro and differentiated percentages of guarantee, which favours loans for investments.
Reading Time: 4 minutes The partnership between the Romanian Commercial Bank (BCR) and the Romanian Investment and Development Bank (BID) to support and finance SMEs, through the guarantee mechanism of credit portfolios, is extended through revolving loans, possibility of financing in euro and differentiated percentages of guarantee, which favors loans for investments.
The partnership between BCR and IDB, which allows financing of SMEs with more than 1 billion lei, extends with revolving loans and guarantees of up to 80% for investments
CEC Bank and the Investment and Development Bank (IDB) have revised the credit guarantee agreement for small and medium-sized enterprises (SMEs), introducing guarantees of up to 80% for investment loans in nine counties, possibility of financing in euro and access to revolving loans for working capital, according to a statement sent on Wednesday.The maximum percentage [...] Article CEC Bank and IDB extending guarantees for SMEs: coverage of up t…
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