Banca Transilvania receives a EUR 75m loan from the European Investment Bank
Comunicat de presa 2015-12-22
Banca Transilvania S.A. (BT) receives a EUR 75m loan from the European Investment Bank (EIB), in order to finance projects promoted by small and medium-sized enterprises (SMEs), midcap companies and public entities in the areas of industry, services, agriculture and infrastructure in Romania.
For BT, this is the second tranche of a EUR 150m loan. The first tranche of the mentioned loan, received by Banca Transilvania in October 2014, has been successfully allocated towards improving the access of SMEs, midcap companies and public entities.
Through this partnership, the European Investment Bank and Banca Transilvania help to revive the Romanian economy, encourage Romanian companies to start new investments, consider possibilities of expanding their business activities and create new work places, whilst relying on flexible long-term funding.
The loan is designed to support the employment of young people, a key priority for the EIB, in the framework of the EIB’s “Skills and Jobs – Investing for Youth” programme.
The fight of youth unemployment is a priority task in Romania. The EIB, in cooperation with Banca Transilvania, provides additional incentives to beneficiary companies employing young people, offering training opportunities or cooperating with colleges, schools or universities to improve employment perspectives of young people.