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BCR SMES & OTHER PRIORITIES II

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Romania : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
24/05/2012 : € 50,000,000
12/12/2012 : € 50,000,000
Link to source
Data sheet
BCR SMES & OTHER PRIORITIES II
Other links
Summary sheet
BCR SMEs & Other Priorities II
Related press
EIB and BCR continue to support SMEs, midcaps and municipalities in Romania

Summary sheet

Release date
31 August 2011
Status
Reference
Signed | 24/05/2012
20110330
Project name
Promoter - financial intermediary
BCR SMEs & Other Priorities II

Banca Comerciala Romana S. A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 150 million
Not applicable
Location
Sector(s)
Description
Objectives

Dedicated SME loan with a window of up to 30% for mid-cap companies and public sector entities to finance small and medium scale projects in industry, services and other eligible sectors in Romania.

The loan will provide an attractive alternative source of funding to strengthen the productivity and competitiveness of eligible SMEs and medium-sized companies, as well as to regional and municipal authorities for carrying out small and medium-sized ventures, in Romania.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with the relevant applicable EU and national legislation.

Final beneficiaries will be requested to comply with the relevant applicable EU and national legislation.

Link to source
Summary sheet
BCR SMEs & Other Priorities II
Other links
Data sheet
BCR SMES & OTHER PRIORITIES II
Related press
EIB and BCR continue to support SMEs, midcaps and municipalities in Romania

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).

News & Stories

Press release

EIB and BCR continue to support SMEs, midcaps and municipalities in Romania

5 March 2013

The European Investment Bank (EIB) and Banca Comerciala Romania S.A. (BCR) signed a further EUR 50 million loan agreement to finance projects to be carried out by small and medium-sized enterprises (SMEs), midcap companies and public entities in Romania.

The EIB loan will co-finance projects contributing towards regional development and the productivity of SMEs and midcap companies in Romania involved in industry and services. Energy efficiency investments carried out by SMEs will also receive grant support from the European Commission (EC) under the SME Finance Facility Energy Efficiency Window, which provides for cooperation between the EIB and the EC to reduce CO2 emissions in construction and industry.

Mr Mihai Tanasescu, EIB [...]

See more
Link to source
Related press
EIB and BCR continue to support SMEs, midcaps and municipalities in Romania
Other links
Data sheet
BCR SMES & OTHER PRIORITIES II
Summary sheet
BCR SMEs & Other Priorities II

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 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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