The European Bank for Reconstruction and Development (EBRD) has given Banca Transilvania, a Romanian bank, 100 million for small and medium-sized enterprises in a move to help the SME sector in Eastern Europe. EBRD, which provides project financing for banks and industries and businesses in Central-Eastern Europe countries and Asia, in 2001 acquired 15 percent of Banca Transilvania, which counts more than 125,000 SMEs among its clients and is effectively known as the bank for the SME sector in Romania.
The European Bank for Reconstruction and
Development (EBRD) has given Banca Transilvania, a Romanian bank,
€100 million for small and medium-sized enterprises in a move to
help the SME sector in Eastern Europe.
EBRD, which provides project financing for banks and industries
and businesses in Central-Eastern Europe countries and Asia, in
2001 acquired 15 percent of Banca Transilvania, which counts more
than 125,000 SMEs among its clients and is effectively known as the
bank for the SME sector in Romania.
The Romanian bank, which finances some 18 percent of small and
medium-sized companies in the country, has been the recipient of
financing, factoring and leasing lines from EBRD since
1999.
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