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OTP Bank Romania Receives 25 Million Euro Finance Line From The European Investment Bank

World Trade – Banking

Open Eyes Opinion

Romania

 

 

 

 

 

 

 

  • OTP Bank Romania receives from the European Investment Bank a EUR 25 million financing line for SMEs
  • Project for supporting the development initiatives of SMEs and public entities
  • Loan facilities on favourable and flexible conditions for business development and resource management
  • Competitive conditions on the banking market

The European Investment Bank (EIB) is providing OTP Bank Romania a EUR 25 million financing line designed to support small and medium-sized companies and public entities and to facilitate youth employment in all sectors. The loans to final beneficiaries will be used to finance investments and working capital in line with EU priorities and can be granted for a period of up to 10 years.

“OTP Bank entered into partnership with the European Investment Bank to improve the access of small and medium-sized companies and public entities to advantageous sources of finance for investments and working capital. This strategic partnership confirms once again our commitment to providing flexible and useful solutions for business development, resources management and the local economy.”

“EIB funds, intermediated through OTP Bank, a well-established EIB partner financing institution, will help to increase Romania’s competiveness. The loan is designed to support mainly SMEs, which form the backbone of the Romanian economy in terms of both employment and economic growth.”

OTP Bank Romania, a subsidiary of OTP Bank, the largest independent banking group in Central and Eastern Europe, is an integrated and self-financed provider of financial services. With an approach based on responsibility, commitment and professionalism, OTP Bank Romania understands the needs of customers and the current market context and is a reliable partner in the provision of financial services.

OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia for more than 13 million customers, through a regional network of over 1500 outlets, the ATM network and electronic channels.

The European Investment Bank is the long-term lending institution of the European Union and is owned by the EU Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

{Source: European Investment Bank – Press Office}

[Photo credits-featured image:  Romania – Suceava – panoramic view of the city centre from the Seat Fortress (2009). – By John – photobucket.com, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=11598459]

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