84% of the value of financing via the IMM Invest program targeted working capital.
The IMM Invest program is meant to support companies facing economic problems due to the COVID-19 pandemic to access funds needed to ensure continuity of business operations.
Loans granted within the IMM INVEST program are 80%-90% guaranteed by the State, via the national guarantee fund for small and medium-sized businesses (FNGCIMM), and can be used to fund current activities on a medium term and investments on a long term.
The total portfolio of loans granted to small and medium-sized companies (SMEs) by BRD grew 22% in 2020 versus 2019.
IMM Invest is a government program intended to help SMEs affected by the COVID-19 pandemic ensure working capital and capital for investments in the current economy. Loans granted under the IMM INVEST program are guaranteed by the Romanian State through the FNGCIMM, in proportion of 80% or 90% of the value of loans.