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May 26, 2020

EximBank keeps granting interest rate offset during years 2012 – 2014

EximBank will keep granting interest rate offset during the 2012-2014 interval, following the extension of the State aid scheme validity, which will enable economic operators to curb the expenses with the interest incurred by investment loans. By resorting to the product named ‘Interest rate partial offset’ provided by EximBank, companies can recover up to 50 pc of the interest rate paid for investment loans engaged in RON with any commercial bank. “Since 2009 until the middle of 2011, almost EUR 10 M returned to the accounts of the companies that applied to us for this product. (…)”, said Ionut Costea, President of EximBank. The interest rate offset ranges within the category of ‘de minimis’ aid. Given the limitations specific to a ‘de minimis’ scheme, the maximum value of the aid that may be granted to a company within this scheme is EUR 200,000 for up to three fiscal years.

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