CEC Bank and the Ministry for Energy, Small and Medium-sized Companies and Business Environment (MEIMMMA) have concluded an additional deed to the Cooperation Agreement within the Romanian-Swiss Programme for SMEs, introducing new, more flexible requirements for the implementation of the programme.
The cooperation Agreement concluded on 16 January 2014 by CEC Bank and the Executive Agency for the implementation of the Romanian – Swiss Programme for SMEs had the aim of supporting eligible SMEs with loans. Seventy per cent of the programme funds come from the Swiss state and 30% from CEC Bank’s own funds. The eligible sectors of activity funded under the programme are production, medical services, travel, and energy-saving specific systems/equipment trading and those that use renewable resources in making their activity more cost-effective.
‘The financing product offered by CEC Bank supports companies interested in the further development of their business under competitive cost conditions (ROBOR 6M + 1p.p. interest). Over 90 loans worth a total of over RON 19.14 M have been granted so far in the framework of the programme and more than 60 applications worth 17.43 M lei are being processed’, said Radu Gratian Ghetea, Chairman and CEO of CEC Bank.