Businessman George Copos, financer of Rapid football team and owner of several businesses in tourism, bakery and industry, has taken out a 2.2 million-euro loan from state-held CEC Bank for Fotbal Club Rapid SA trading company.
“The loan was taken to cover capital expenditures, salaries, bills, overdue payments and debts from 2008, including those owed to the state budget. We pledged two assets as collateral, worth over 7 million euros,” said businessman George Copos.
Asked why he had chosen a state-held bank for this loan, Copos said he wanted to see how a loan from a state-held bank worked and that out of respect for this bank would not offer information on the lending terms. CEC officials said they could not supply any information on this loan for confidentiality reasons.
The owner of the Ana Holding group, with 60 million euros in revenues in 2009, also contracted a 25 million-euro loan from BRD Societe Generale, one of the biggest loans contracted in a crisis year on the Romanian market.

Subiecte #CEC Bank#Fotbal Club Rapid SA#George Copos