“This loan is in line with the EIB’s priority to support European SMEs to help mitigate the effects of the financial crisis,” EIB said in a statement Monday.
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 under the SME Finance Facility Energy Efficiency Window, the statement noted.
BCR, Romania’s largest bank by assets, so far has borrowed EUR300 million from EIB to finance priority projects.