Following the signing of the agreement for the SME guarantee ceiling between Banca Romaneasca and EximBank, the SME clients now have at their disposal a new range of lending solutions necessary for investments or for supporting the current activities.

Thus, the SME clients can choose lending solutions with the duration of the loan of maximum 5 years (in the case of the products for investment projects), maximum 12 months (in the case of the loans for current activity) or maximum 24 months (in the case of the letters of guarantee).

"By concluding the Agreement for the SME guarantee ceiling, Banca Romaneasca benefits from EximBank of a ceiling of 20.000.000 lei. SME clients that perform their activity with support from Banca Romaneasca have at their disposal a maximum value of the individual guarantee of 1,5 million lei, and the guaranteed percentage is of maximum 80% in the case of the investment loans or of maximum 70% in the case of the loans for the support of the current activity, percentage also valid for the letters of guarantee. This agreement signed with EximBank is a confirmation of the commitment of the two financial institutions for the development of the SMEs from Romania and implicitly for the consolidation of the economy evolution." - stated Cosmin Calin, Executive Director Banca Romaneasca, Corporate Division.

"We are glad that Banca Romaneasca decided to get involved together with EximBank in a partnership that answers to the financing needs of the Romanian companies and creates the premises for the extensive use of the guarantees issued in the name and on the account of the Romanian state, for an efficient directing of the public funds to the real economy. So we are also inviting other commercial banks to capitalize on our offer, the benefits offered by the SME guarantee ceiling facilitating the diversification of the financing solutions of the short and medium term local SMEs projects, also supporting at the same time the reach of the performance targets specific to banking institutions", said Traian Halalai, executive president of EximBank.