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October 20, 2020

BRD grants SMEs subsidized interest rate loans

Through a partnership agreement with the European Investment Fund, as part of the JEREMIE initiative, BRD will grant SMEs subsidized interest rate loans worth EUR 20 million, according to a press release. It is the second agreement concluded between BRD and the European Investment Fund, after the 2004 agreement on investment loans for SMEs. “We are aware that SMEs play an important role in the economy and we wish to provide small and medium-sized enterprises that wish to develop their businesses with personalized and accessible financing products, as well as our full expertise,” Bogdan Spuza, Executive Director of Product Management and Marketing at BRD.

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