During the last six months, CEC Bank has financed over 550 SMEs in Romania under the COSME - Credit Guarantee Facility. The value of such funding was of 120 million lei, thus exhausting the contracted ceiling.
Based on the Agreement signed this year by CEC Bank and the European Investment Fund, the Romanian companies have benefited from financing in favorable conditions of guarantee, without related fees, thus being able to implement their business projects in sectors like industry, services, construction, tourism, etc.
"CEC Bank reaffirms itself as a reliable partner for small and medium-sized enterprises in Romania, supporting them with products and services that meet the medium and long-term development needs. Our bank will continue to be involved in the implementation of new tools for funding and guarantee, facilitating the access of the Romanian companies to flexible and modern financial solutions ", said Mr. Bogdan Constantin Neacsu, General Manager - Chairman of CEC Bank Steering Committee.
The financing was granted with the guarantee offered by the European Union Program for the Competitiveness of Small and Medium Enterprises (COSME, 2014-2020) and the European Fund for Strategic Investments (EFSI), established within the Investment Plan for Europe. The purpose of EFSI is to support the financing and implementation of productive investments in the European Union and to ensure increased access to funding.