The amounts allocated through the financing program InnovFin, with European guarantees offered to SMEs by ProCredit Bank Romania since January 2016, double from EUR40 to EUR80 million and can be accessed by companies using new technologies, manufacturing new products and investing in innovating their businesses.
The SME guarantee program InnovFin is part of „InnovFin – EU Finance for Innovators”, under the EU Framework Program for Research and Innovation, Horizon 2020.
ProCredit Bank is the only 100% German-held bank in Romania, part of the group of banks ProCredit, and has been operating locally since 2002.