The value of a loan is of maximum EUR25,000, for a five-year period. Most of the companies asked for financing for current operations and working capital investments.
The lender has recently signed two agreements with EIF for financing SMEs and microenterprises, namely guarantee through COSME program and financing through Progress program.
Through COSME program, the companies benefit from 50% guarantees. The bank can provide overall funds of RON240 million for a three-year period to over 1,600 SMEs in all sectors, including agriculture and liberal professions.
Founded in 1996, Libra Bank runs 40 offices in Romania and serves mainly customers in the corporate, SME, liberal professions and agricultural sectors.