Published: September 2, 2009
Two Romanian financial services firms have become the latest beneficiaries of loans from the European Investment Bank.
Bancpost, a Romanian bank part-owned by the Eurobank EFG Group, has agreed a €80mn (US$114mn) loan to help it fund new business with small and medium-sized companies. This loan follows €20mn lent to the bank by the EIB in 2006.
Meanwhile, the EIB has lent €60mn to EFG Leasing Romania – also tied to the Eurobank EFG Group – which will support smaller projects in areas including tourism, agriculture and health. The loan is the EIB’s third to a Romanian financial institution operating in the leasing sector
Since 1990, the EIB has signed loan contracts in Romania worth a total €6.6bn, of which about €530mn has supported SME and municipality projects.