UniCredit Bank in Romania continues, for the third year, the financing for companies through SME Invest and AGRO SME Invest Romania, after receiving a total ceiling of 1.26 billion lei from the Ministry of Finance.
The amounts cover the guarantee of loans for small and medium enterprises with medium market capitalization through the SME Invest Romania program, and the AGRO SME Invest sub-program, 2022 edition.
The Romanian state, through the Ministry of Finance, represented by the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM) and, more recently, through the IFN SA Rural Credit Guarantee Fund (FGCR), guarantees the proportion of 80%, respectively 90% of the number of loans granted for SME financing, depending on the category in which the beneficiary of the program falls.
“Through the wide range of financial instruments that UniCredit Bank offers to its customers, we aim to respond to the need to strengthen the local business environment in the face of adversity and to directly contribute to increasing the resilience of the Romanian economy. The continuation of the government program allows us to support through guaranteed credit facilities for companies from many sectors of activity. We encourage the customers of eligible companies to access the benefits of SME Invest and AGRO SME Invest Romania during this period, given that the validity of the state aid scheme is until June 30, 2022″ – said Antoaneta Curteanu, Executive Vice President of Retail Division at UniCredit Bank.
In this year’s edition, UniCredit Bank will focus on the AGRO SME Invest Subprogramme, which supports eligible enterprises in agriculture, fisheries, aquaculture, and the food sector. The validity of the State aid scheme related to the Temporary Framework for State aid measures to support the economy in the context of the COVID-19 pandemic is until June 30, 2022.
Source: Article by Ziarul Financiar from March 21, 2022