The average amount accessed by entrepreneurs stood at EUR40,000 per business and the money targeted mostly investments (53%) and working capital (47%).
From 2018 to date, more than 1,700 businesses have enrolled into the program and some 1,000 of these were shortlisted for the final stage of the selection process.
The factory by Raiffeisen Bank program supports businesses operating in various fields of activity. A quarter of the businesses that received financing operate in the manufacturing sector, 16% in the hospitality industry, 11% in the IT&C sector, 10% in the services sector, 9% in the medical sector, 7% in Education and 23% in many other industries (commerce, entertainment, tourism and so on).
Most entrepreneurs who received financing are from Bucharest – Ilfov (47%).
Raiffeisen Bank has more than 2.2 million private individual and legal entity clients in Romania.