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Eximbank-CEC-SME Guarantee Fund partnership for SMEs

Eximbank, CEC Bank, the Guarantee Fund for Rural Credit, the National Fund for SMEs (FNIMM), as well as AOAR, ANEIR and CNIPMMR concluded a partnership for SME company support in Romania, in the context of the financial crisis, announced on Thursday representatives of Romania's Bank of Export-Import.

The National Council of Small and Medium Sized Private Enterprises in Romania (CNIPMMR), the Businessmen's Association of Romania (AOAR) and the National Association of Exporters and Importers of Romania (ANEIR) will represent the interest of the beneficiaries of this agreement.

Eximbank and CEC Bank can guarantee at most 80 percent of the value of medium and long-term funding, given by the two banks, including for SMEs participation in projects co-financed from European funds.

Eximbank and FNIMM co-guarantee loans aimed at implementation of investment projects and bank guarantee letters issued to small and medium-sized enterprises.

Eximbank's guaranteed value can be of maximum 50 percent. Through the agreement, signed on Thursday, the bank can also guarantee loans for farming projects, of up to 50-80 percent of the loan's value.

 

Sursa: http://www.rompress.ro

Tags: guarantee cec eximbank

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