According to a Finance Ministry release, banks had two weeks, between January 15 and January 30, to join the program.
The nine banks interested in the program developed via the National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) are Banca Transilvania, BRD, CEC, ING, Banca Romaneasca, Bancpost, BCR, Banca Comerciala Carpatica, Intesa Sanpaolo.
According to the program, SMEs can access credit lines for working capital of up to RON5 million for a two-year period, with a 50% guarantee covered by the state, excluding interests and other banking fees.