The Cluj-Napoca city hall has contracted a 300 million-RON (around 71 million-euro) loan from CEC Bank over 30 years to cover planned or ongoing investments.
Originally, the Cluj authorities intended to contract a 600
million-RON (around 142 million-euro) loan, after holding talks
with representatives of CEC Bank and the BCR, the only two banks
that submitted lending offers. Following negotiations last week
between representatives of the Cluj city hall and officials of the
two banks, CEC Bank’s offer was accepted.
“On December 21st we will sign the contract with CEC Bank, which
entails the granting of a 300 million-RON loan, over a minimum of
30 years, with the overall cost of the loan being over 400.2
million RON. The grace period is of a maximum of four years, the
period for drawing the loan will amount to least four years, with
the possibility of extending it, without additional costs,” Oana
Buzatu, spokesperson of the Cluj-Napoca city hall, told ZF
Transilvania. The loan has an interest rate 2% above the arithmetic
mean between ROBOR and ROBID (interbank interest rate on
loans/deposits).