Release date: 18 June 2020
Promoter – Financial Intermediary
CEC BANK - SALocation
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)
- Credit lines - Credit lines
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 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).