EBRD-funded Miro Bank credits
European Bank for Reconstruction and Development (EBRD) continues to expose itself to the financing market for SMEs in Romania. In the last few months, the total volume of the credits the international institution granted to the banks in the system amounted to some 30m euros
European Bank for Reconstruction and Development (EBRD) continues to expose itself to the financing market for SMEs in Romania. In the last few months, the total volume of the credits the international institution granted to the banks in the system amounted to some 30m euros. Yesterday, it was the micro-financing institution Miro Bank’s turn to get from EBRD a 5m euro line of credit, which will be used to finance small and medium-sized companies. “SMEs are the backbone of the economy and the credit is another way to support the development of this sector in Romania,” stated Hildegard Gacek, chief of EBRD’s Romanian office. ZF
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