On Wednesday 3 April 2019, CEC Bank and the European Investment Fund (EIF) signed a partnership agreement under the auspices of COSME Loan Guarantee Facility (COSME LGF) to support Romanian small and medium-sized companies.
COSME LGF is a guarantee instrument designed to support lending to SMEs that, under standard conditions, would have limited access to finance. The guarantees granted cover a portfolio of 120 million lei.
CEC Bank was represented, at executive management level, by Mr. Mitrache, together with Mr. Bogdan Neacsu, Director - First Vice-Chairman of the Board of Directors and Mrs. Mirela Iovu, Director - Vice-Chairman of the Board of Directors.
In addition to CEC Bank, three other financial institutions from Romania have also signed cooperation agreements with the EIF. The event was attended, among others, by Mrs. Angela Cristea, Head of the European Commission Representation in Romania, Mr. Roger Havenith - EIF Deputy Chief Executive, representatives of the four financial institutions, media representatives.