EIB and ERDF will sign agreements with Raiffeisen Bank, ProCredit Bank, BCR, Banca Transilvania, BancPost, and ING under the 2014-2020 EU program supporting SMEs, co-financed by the ERDF with EUR100 million.
The total value of loans will exceed EUR500 million, due to the financing instrument multiplying effect.
The Romanian government signed a collaboration agreement with the EIB and European Commission in October 2016. SME financing will be granted by the six selected banks following open calls.