The first installment of the loan is EUR15 million.
“I am very pleased to sign this first EIB credit facility with CEC Bank Romania, adding further to the range of the EIB’s partner financial institutions on-lending EIB funds to SMEs and mid-cap companies in Romania,” said Mihai Tanasescu, EIB Vice-President responsible for lending operations in Romania.
The loan is in line with the EIB’s priority of improving the availability of long-term finance in particular to SMEs, the European lender said.