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September 27, 2021
BUSINESS

Veneto Banca: new corporate loan opportunities

Veneto Banca is launching a promotional financing campaign for legal persons. By July 31, SMEs, agricultural sector operators and authorised legal persons can obtain short and medium-term loans with which to finance their current operations, replenish their stocks of merchandise or raw materials, pay their suppliers or carry out investment specific to their line of activity.

For short-term loans with a duration of up to a year and a ceiling of EUR 100,000 (or RON-denominated equivalent), the annual interest rate is 3-month Robor + 2 percent for the RON-denominated loan, and 6-month Euribor + 2.5 percent for the EUR-denominated loan.

For investments, clients can access up to EUR 500,000 (or RON-denominated equivalent) for a period of up to 4 years, which includes a grace period of 3 months, the annual interest rate being 3-month Robor + 2.25 percent and 6-month Euribor + 2.75 percent respectively.

The initial ceiling for this campaign is RON 45 M.

“Veneto Banca Romania continues to support the economic sector with an advantageous loan offer for SMEs. The benefits of this offer determine us to believe that the available ceiling will be exhausted ahead of schedule and that this represents an important instrument for boosting and developing businesses,” Veneto Banca Romania Director Roberto Broggini stated.

The analysis commission for both types of loans is 0.25 percent of the value financed, while the annual administration commission is 0.25 percent for the short-term loan and 0.50 percent for the investment loan.

Veneto Banca has been present in Romania since 2000, the year in which it bought Banca Italo Romena, which merged by incorporation with its parent bank in 2014.

Following its acquisition by Veneto Banca, the institution has continuously developed its client portfolio, first turning to Italian investors and then to Romanian companies and natural persons.

Veneto Banca is among the top 14 Italian banks that the European Central Bank considers to be of systemic importance. On the Romanian market, it operates through its Bucharest Subsidiary which owns a network of 22 agencies, 5 of them in Bucharest and the rest in Romania’s most important cities.

 

 

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