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CEC Bank lends 5 mln euro to industrial group RAAL

Romanian state-owned savings bank CEC said on Wednesday it is lending 5 million euro ($5.3 million) to local cooling systems and heat exchangers manufacturer RAAL.   The loan has a state guarantee issued by EximBank under the Covid-19 state aid scheme for companies, which covers 90% of the funding, CEC Bank said in a press release.   RAAL will use the loan to finance ...

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