BUSINESS

CEC Bank has awarded RON 52 M agricultural credit since June 1

Since June 1, CEC Bank has granted 32 loans and bank guarantees worth a total of RON 52 M to borrowers operating in the agricultural sector, bank President Radu Ghetea stated at the Mediafax Talks about Romanian Agriculture seminar yesterday, Mediafax reports.


‘Not all banks in Romania are willing to lend the way we do. We even grant loans as small as RON 87. However, we have had projects worth a few millions of Euros over time,’ the CEC Bank official said. Ghetea further noted that, ever since the European funds had become available, CEC had granted over 22,500 loans in agriculture, most of which being in the animal breeding sector.


On a different note, CEC Bank yesterday announced the launch of the ‘First House’ building loan in RON or EUR, addressed to individuals wanting to build their home individually or in associations established as legal persons consisting of a minimum of seven beneficiaries.

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