“CEC Bank is one of the leading lenders in the Romanian economy, with a portfolio of over 12,000 companies and over RON12 billion lent to this segment,” said Bogdan Neacsu, president and CEO of CEC Bank.
The Romanian government has launched a support program for SMEs, called “IMM Invest”, through which SMEs may get loans with state guarantees and subsidized interest until the end of the year.
SMEs can use the loans to fund current activities on the medium term and investments on the long term. The state aid scheme is limited at RON781 million for subsidized interest and RON15 billion for state guarantees.