This way, Libra Bank consolidates the strategic partnership aimed at supporting economic development and sustainable projects in Romania.
The two conventions enable Libra Internet Bank to expand its capacity to fund entrepreneurs and public local entities, easing access to resources for investments, working capital and community interest projects. The guarantees offered by IDB can cover up to 70% of the value of loans granted to SMEs, respectively up to 80% for startups, innovative companies and women-held businesses.
The Guarantee Convention regarding the portfolio guarantee for SMEs enables Libra Internet Bank to strengthen the support granted to entrepreneurs and SMEs, offering faster access to financing for their current operations and investments in development.