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May 17, 2021
BUSINESS

EIB extends support to SMEs through BCR Leasing

The European Investment Bank (EIB) is providing a EUR 15 million loan to BCR Leasing to finance small and medium-sized enterprises (SMEs), midcap companies and public entities in Romania implementing projects in industry, services and infrastructure, according to a press release. BCR Leasing is signing a first tranche of EUR 15 million from a total credit line of EUR 75 million agreed with the EIB. In particular, SMEs will be supported to purchase, renovate or extend tangible assets (other than land), invest in R&D, build up distribution networks in domestic or other markets within the EU and cover medium and long-term working capital needs to finance their regular trading cycle

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