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Less than 2 per cent of small firms, financed through loans

Only 1-2% of the 550,000 small firms have taken out loans to finance their activity.

The president of the National Fund for Guaranteeing the Loans for SMEs (FNGCIMM), Aurel Saramet, considers that in the next 15 years the small firms will not be financed by banks, a problem that is specific not only to Romania, because these firms have a bigger risk. As such, Saramet believes, the SMEs have to find other financing sources, such as the venture capital firms or the firms that give high-risk loans, too little developed in Romania. A factor that limits the access to loams is also the preparation level of the business environment, says the president of Alpha Bank, Sergiu Oprescu. According to him, it is not about a lack in interest on the part of banks, since increasingly more standardized products for SMEs appear. The volume of the loans taken by the SMEs from banks rose 13% in the January- March 2008 period. At end-2007, the crediting to SMEs had risen 69% versus end-2006. The SMEs use increasingly more the foreign financing. Almost two thirds of the SMEs that resort to foreign financing in the medium and long term operate in trade and services, whereas 18% in industry, 8% - in construction and only 5% - in agriculture and energy. Sursa: http://www.rompress.ro

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