EBRD lending EUR 10 mln to finance MSMEs in Romania

Banking

The European Bank for Reconstruction and Development said that it has signed a EUR 10 million senior unsecured loan to Garanti Leasing Romaniafor on-lending to local micro, small and medium-sized enterprises (MSMEs) under the Financial Intermediaries Framework (FIF).

The proceeds of the loan will be used to ensure MSMEs' uninterrupted access to finance as the economy continues to recover from the COVID-19 pandemic, the EBRD said in a project summary document.

At least 30% of the proceeds will be directed to finance Green Economy Transition (GET) eligible investments. 

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