The total value of financing dedicated to investments and working capital exceeds RON1 billion.
The Investment and Development Bank is the only development bank in Romania, wholly owned by the Romanian state through the Ministry of Finance, established at the end of 2023 under the National Recovery and Resilience Plan (PNRR).
For Local Administrative Units (LAUs) and affiliated entities, the guaranteed share can reach up to 80% of the investment value, covering sectors such as infrastructure, public utilities, education, healthcare, and renewable energy.
“We are delighted to join these first guarantee programs launched by the Investment and Development Bank, which have strong potential to boost economic activity in both the SME segment and the public sector. The IDB will play an important role in reviving the economy in the coming years by targeting those market segments that can enhance Romania’s competitiveness and support sustainable development. We congratulate the IDB team for their effort and professionalism in orchestrating these economic stimulus programs and look forward to our collaboration in the years to come,” said Mihaela Bîtu, CEO of ING Bank Romania.
Through the guarantee facility for SMEs, entrepreneurs benefit from guarantees covering up to 70% of the value of their loans, which can reach a maximum of RON14 million. Loans for working capital have maturities of up to five years, while investment loans can extend up to ten years.
To access the IDB guarantee, SMEs must meet the program’s eligibility criteria, ensure that their credit facility complies with the de minimis aid ceiling, demonstrate financial viability, have no outstanding debts to the state budget, and comply with the DNSH principles to ensure that the financed activities do not have a significant negative impact on the environment.
“The partnership with ING Bank shows how meaningful financing can unite the public and private economies. Together, we are expanding the ecosystem of trust that the IDB is building between banks, entrepreneurs, and local authorities—where good ideas and smart investments come together to profoundly change Romania,” said Dan Sandu, General Manager of the Investment and Development Bank.
Individual guarantees for the public sector are designed to promote the sustainable development of local and regional communities. The value of these guarantees ranges from RON5 million to RON150 million. For working capital, credit is granted for up to 10% of the total investment project value.