Raiffeisen Leasing will use the money to finance in lei, on a short and medium term, the current operations of its SME (small and medium-sized enterprises) clients.
The loan facility was granted for a 60-month period and to guarantee the loan and related interest and fees, Raiffeisen Bank International, the shareholder of Raiffeisen Leasing, issued a guarantee letter, with a 30-day due date from the expiry date for the loan facility.
EximBank executive president Traian Halalai said the objective for 2016 is to have a more dynamic strategic approach on the SME segment, therefore, the plan is to spot and capitalize on all opportunities that enable the bank to distribute as may funds as possible towards this important part of the economy. Halalai also said the partnership with Raiffeisen Leasing complements EximBank’s competences and the collaboration with Raiffeisen Leasing enables an indirect financing of SMEs under conditions for maximum efficiency.