Firms with investments from state aid can request up to 90% of CEC Bank value

CEC Bank grants companies which make investments with state credit aid of not more than 90% of the project value and free consulting to prepare documents to access the credit, the bank announces in a press release, on Tuesday.

The interest rate applied will be ROBOR 6M+1.2%, representing 4.7% according to ROBOR quotations.

CEC representatives say that the means of paying back and guarantees will be flexible, according to the client’s need or the stages of the investment process.

CEC Bank launched this product in the context of amendment government decision 807/2014 for setting up state aid drafts to stimulate investments with major impact in economy.

“In 2017 alone, the credit portfolio for companies grew by 9% compared to 2016, while at bank system level this indicator registered an increase of only 3%, while in the first semester of 2018 credits granted by the bank were o billion lei higher than in 2017,” said Radu Gratian Ghetea, the president - general manager of CEC Bank.

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