OTP Bank in Romania was selected by the state to join the Start-up Nation 2022 program implemented by the Ministry of Business Environment, Trade, and Entrepreneurship. The program provides for the granting of a non-reimbursable financial aid from the state within the maximum limit of RON 200 thousand, for each startup established after January 1st, 2020, which meets the eligibility criteria mentioned in the program.
As an active partner in significant projects for entrepreneurs, OTP Bank Romania by joining the government program offers beneficiaries several advantages in accessing the Bank’s services and products. Thus, after acceptance into the state program, entrepreneurs can open a dedicated grant account and apply for it bridge financing of 100% of the non-reimbursable financial aid, guaranteed as a percentage of up to 80% of the loan amount by the National Credit Guarantee Fund for SMEs. In addition, they have access to a dedicated current account package with zero fees for transactions and receipts, card administration, and internet banking, depending on the specifics of each package and the transactional activity of each customer.
“In the last two years, marked by a pandemic, we have found the agility, resilience, and entrepreneurial spirit shown by startups in Romania. Accessing the various government instruments in the next period becomes a necessity not only for Romanian capital but especially for facilitating the growth of the entrepreneurial environment. Now, more than ever, we want to be with the entrepreneurial sector, and involvement in the Start-up Nation program is a support point for local entrepreneurial initiatives and, implicitly, for stimulating economic growth by encouraging the establishment of new companies. We expect a good performance of the program, and we provide beneficiaries with a good and affordable financing cost, but especially a comprehensive experience for customers,” – stated Gyula Fatér, General Manager of OTP Bank Romania.
The entrepreneurs can enroll in the Start-up Nation 2022 program between July 19th and September 1st, on the website of the Ministry of Business Environment, Trade, and Entrepreneurship.
The details about OTP Bank Romania products can be consulted here.
Source: the Bank`s press release dated July 19, 2022