CEC Bank and the Administration of the District 5 of Bucharest have concluded a Financing Agreement for an amount of about Lei 477 billions for refunding some older internal loans intended to different local development projects.
The purpose of the current loan is obtainment of savings by reduction of financing costs and creation of average term liquidity, in view of implementing some new investment projects of the Administration of District 5 of Bucharest.
"By the mission assumed, CEC Bank defines itself as an active supporter of the local public administrations. Funding granted to the Administration of District 5 of Bucharest proves, once again, the Bank’s involvement in the life of the local communities and in their efforts to modernize or to develop some social and economical projects ", has declared Mr. Radu Gratian Ghetea, President and CEO of CEC Bank.
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