Four banks in Romania to provide EUR 120 mln low-interest loans for SMEs under JEREMIE initiative

The European Investment Fund (EIF) has signed new Joint European Resources for Micro to Medium Enterprises (JEREMIE) agreements with four banks in Romania, namely Banca Transilvania, BRD – Groupe Societe Generale, ProCredit Bank and Raiffeisen Bank.

Via the new agreements, signed under the new Portfolio Risk Sharing Loan instrument, the SMEs will have access to loans for investments and working capital totalling EUR 120 million, with significantly lower interest rates and reduced collateral requirements.