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December 1, 2021

EximBank – management authorities collaboration to support European funded-projects

EximBank initiated a project of collaboration with the Management Authorities involved in the management of structural funds, which is meant to help companies interested in acceding European funds obtain access to information.

“The absorption of European funds is essential for economic recovery, and greater transparency and a more active communication are the main solutions to draw European funds more effectively. That is why we are trying, by this project of collaboration with the Management Authorities, to jointly promote ways of accessing European funds and banking products offered by EximBank to support trading companies and public authorities in their endeavour to accede to funds offered by the European Union,” Ionut Costea, the president of EximBank, stated.

In setting up this project, EximBank approached 17 Management Authorities and intermediating bodies (units meant to implement operational programmes at a regional level), with a view to initiating partnerships which will allow for joint action to expedite the absorption of European funds.

EximBank offers to companies and public authorities running projects financed out of structural funds a package comprising credits for co-financing and pre-financing, as well as non-binding letters of intent and guarantees. By means of these products, the bank may cover up to 100 per cent of the financing needs related to European funded projects.

In the first quarter of 2010, the ratio of loans granted for acceding to structural funds out of the total of loans granted by EximBank rose at 45 per cent, compared to 9.45 per cent in 2009.

Companies and public authorities running EU funded projects may contact any of the EximBank branches in Bucharest, Bacau, Brasov, Constanta, Cluj, Craiova, Timisoara, Buzau, Oradea, Deva and Iasi for personalised consultancy, to find the most adequate funding solutions for each individual project. At the same time, economic agents may obtain information on the products and the necessary documents by accessing www.eximbank.ro or may receive further details by emailing informatii@eximbank.ro.

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