As it was quickly nearing the depletion of funds, the lender requested the supplementation of the funding ceiling ever since summer and obtained a 35% increase, respectively by RON400 million, which it can grant until the end of 2021, per data provided by bank representatives on Tuesday.
In April 2021, ING Bank joined the second edition of the IMM Invest program, after having granted loans worth over RON1 billion in 2020. Overall, ING has received 5,000 requests from entrepreneurs in 2021.
80% of the companies which got financing within the IMM Invest program through ING Bank, within this year’s edition, are micro-enterprises and small enterprises.
Data provided by the companies that received financing from ING Bank Romania in 2021 within the IMM Invest program show that capital Bucharest and the counties of Arges and Sibiu boast the largest percentage of funds absorption.
IMM Invest is a government program intended to help small and medium-sized companies affected by the COVID-19 pandemic ensure working capital and capital for investments in the current economic context. Loans granted under the IMM INVEST program are guaranteed by the Romanian State through the FNGCIMM, in proportion of 80% or 90% of the value of loans.