The bank said Thursday it has received 6,300 loan applications under the program, the second largest number on the market. It said around 90% of applications were for working capitals and 10% for new investments.
ING Bank said it has approved SME Invest loans totaling RON500 million so far and around 2,600 of loan applications received are currently in various stages of approval.
The Romanian government recently raised the program’s state guarantee budget to RON20 billion from RON15 billion following high demand from SMEs and lenders.