Thus, SMEs will be able to access loans for financing investments and for working capital, CEC Bank said in a press release.
“We are confident that such financial instruments meet the current financing needs of the clients, who will benefit from advantageous conditions and flexible guarantees,” Radu Gratian Ghetea, CEC Bank president, stated.
The JEREMIE initiative developed in cooperation with the European Commission allows member states to use part of their EU structural funds to finance SMEs. The program targets to ease SMEs’ access to financing.