Romanian businesses to get financing support with €25 million EIB loan to Patria Bank
Romania, Oct. 9 -- A range of Romanian businesses will be eligible for easier financing as a result of a €25 million loan from the European Investment Bank (EIB) to Patria Bank SA. Bucharest-based Patria Bank will use the EIB credit to expand lending to small and medium-sized enterprises (SMEs) and Mid-Cap companies across Romania.The funding will be deployed mainly in less-developed regions of Romania, strengthening economic cohesion. A fifth is earmarked for climate action, enabling companies to invest in clean power such as rooftop solar panels and in machinery that consumes less energy or produces fewer emissions of greenhouse gases.The agreement is the second between the EIB and Patria Bank and tackles one of Romania's main econo...
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