The financing package includes a multi-product facility for the working capital needed for running the business as usual activity and a guarantee facility that will be used for participating in an investment project in Poland, where the company has a subsidiary, EximBank said in a statement.
“Structuring this facility for one of the most important Romanian entrepreneurial companies having a current activity component as well as an export one proves EximBank’s flexibility and capacity to offer competitive financial solutions to the corporate segment tailored to each partner’s profile. We are confident that the agreement concluded with Electrogrup represents the first stage of a long-term partnership. We continue to focus on building a serious relationship with the business environment for supporting local business projects and complex international investments programs where Romanian companies may capitalize on their high level of expertise”, said Traian Halalai, Executive President of EximBank.
Halalai added that the bank has the necessary resources for supporting the expansion of the foreign commercial operations of Romanian entrepreneurs and will continue to improve its financial solutions in order to offer products that meet European standards and practices in terms of financing the business development.
Electrogrup, established in 1997 by Teofil and Simion Muresan, is one of the few Romanian companies consistently expanding its activity abroad. In recent years, the company opened subsidiaries in Germany, Russia and Poland, participating as a constructor in investments projects developed in those states.