BUSINESS

EUR 30 M EBRD loan to Raiffeisen Leasing to expand SME financing

European Bank for Reconstruction and Development (EBRD) is further increasing the availability of financing to private businesses in Romania with a EUR 30 M loan to Raiffeisen Leasing IFN S.A., Bucharest, the subsidiary of Austrian Raiffeisen Bank International AG (RBI), for onlending to small and medium-sized enterprises (SMEs), a press release informs. The proceeds of the loan will be used to provide leases to private local companies to finance capital investments for the expansion of their businesses. Such capital investments include the acquisition of equipment, light commercial vehicles, trucks and trailers, as well as cars for commercial use. In another context, EBRD is also providing a EUR 10 M loan to SC Compania de Apa SA Buzau (ApaBuzau) that will help the access to safe water supplies and sanitation services to more than 200,000 people in the county of Buzau.

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