BANCI | ENGLISH

BCR granted new loans worth over 1 billion lei for the SMEs sector in the first eight months

Autor: Bancherul.ro
2011-09-27 14:49

EBRD and BCR representatives said yesterday at the signing of a financing agreement for energy efficiency to SMEs, that in this period of uncertainty the investments made to reduce costs and increase efficiency of a company are the most appropriate, in order for entrepreneurs to become more competitive domestic and outside the country.

The new EBRD facility energy efficiency for SMEs is worth 60 million euros, funds to be distributed by lending institutions, including BCR, which will benefit of 20 million euros.

The new EBRD project will help to reduce energy consumption in Romania, which is above the European average and is also a support for the SME sector, which needs help during the decline of the economy, said Claudia Pendred, EBRD Director for Romania.

This is the 15th loan disbursed by EBRD for BCR in the last 20 years of collaboration and the third in energy efficiency. BCR has provided to its customers loans of 25 million euros for energy efficiency projects, which of course helped to reduce power consumption in Romania, she added.

"The maximum amount eligible for a customer is up to one million, but we expect that most loans to have values below 250,000 euros. The credit period shall not exceed 5 years with a grace period of 2 years," said EBRD representative.

This funding is to add a European grant worth 20 million euros for technical assistance, which means that each project successfully finalised will receive a grant representing between 10 and 15% of the project.

Wolfgang Schoiswohl (photo), BCR Executive Vice President, said that for BCR, SMEs represent one of the key sectors in which the bank is and will still be present, according to the BCR and the Erste Group strategy.

Why this? For a healthy SME sector is the backbone of the economy, contributing to its growth and creates jobs.

"Is not a coincidence therefore that despite rumors and negative perception that SMEs are doing very poorly and that banks are not financing them, BCR granted in the first eight months new loans worth over 1 billion lei for the SMEs sector. This means an increase of about 10% of the total loan balance over the same period last year. A trend that we want to maintain in the second half of this year and in 2012, even at a higher intensity " said Wolfgang Schoiswohl.

According to him, one of the problems facing the whole sector of companies is the uncertainty, which causes a drop in demand for products and services on the domestic market, while export volumes began to decrease after a good performance last year.

Because of these uncertainties, there are limited investments in all sectors, because it is quite difficult in these times to predict which are the areas and industries a SMEs can grow.

"The success of the first two ERBD programs to finance energy efficiency is a proof that in this uncertain period, in which it is difficult to predict economic growth, investments made to reduce costs is the best solution for a company," said Wolfgang Schoiswohl.

The EBRD facility comes at a proper time, so as to allow Romanian SMEs to become more effective both on the domestic and foreign markets.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

21.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Radu Cătălin Petrea, Director General Adjunct (CBO)
Banca Comerciala Feroviara

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

LOAN OFFER
Buna ziua Aceasta pentru a informa publicul larg că oferim împrumuturi celor care au nevoie de ... detalii
!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126