BUSINESS

CEC Bank granted over 12,000 loans to companies last year

CEC Bank granted, last year, over 12,000 new loans to legal entities. The loans granted amounted to RON 1.5 bln, almost half of which were allotted to companies in the agricultural sector, Cristian Nae, department head within the bank, stated, yesterday, during an economic seminar.


“Over 11,000 loans were granted to companies in the farming sector. Loans to farming amount to RON 772 M,” the director of CEC Bank’s Products and Services Department stated, quoted by Mediafax. Companies in other sectors acceded to a total RON 869 M-worth of loans. CEC’s targets for 2011 include, among other things, reducing financing costs, a higher number of EU funded projects, loosening the guarantee terms and boosting the number of loans to the bio, farming and production sectors.

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