The investment aims to promote the local entrepreneurship by consolidating Alpha Bank’s capacity to provide long-term financing to SMEs, in the Romanian currency
Alpha Bank executive vice-president, Periklis Voulgaris, said the partnership with EFSE is in line with the bank’s strategy, which stipulates the development of the market’s SME segment by providing long-term financing products and diversifying financing sources.
EFSE Board Chairman Christoph Pressens, in turn, said the success of local enterprises helps entrepreneurs to create jobs, generate income, stimulate the economic growth and open investment opportunities.
The EFSE provides sustainable funding to micro and small enterprises helping them to grow, generate additional income and to create employment, as well as to low-income families assisting them in the improvement of their housing conditions.