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July 31, 2021
BUSINESS

Alpha Bank Romania joins SMEs government programme

Alpha Bank Romania announces that it joined the government programme ‘Mihail Kogalniceanu for Small and Medium-Sized Enterprises,” the bank announces in a press release. The programme consists in granting a credit line worth a maximum RON 125,000, with up to 70 pc of the interest being subsidised by the state, and guaranteed up to 80 pc by the National Guarantee Fund for SMEs (FNGCIMM). The only cost elements applied by Alpha Bank Romania for this credit incentive are a commission fee for granting the loan (1 pc of the total value of the approved loan), and an interest equal to 1M ROBOR + a margin of 4 pc per annum, of which 70 pc is subsidised by the state.

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