Banca Transilvania (BT) and Banca de Investiții și Dezvoltare (BID) are launching a partnership to support SMEs in Romania by facilitating access to guaranteed financing, lowering costs and simplifying access to lending.

The guarantee agreement signed today is part of the portfolio guarantee mechanism for small and medium-sized enterprises. Banca Transilvania will extend loans of over 1 billion lei under BID’s guarantee ceiling.  

Guarantees from Banca de Investiții și Dezvoltare increase companies’ ability to obtain the capital they need to grow, providing one of the conditions for sustainable growth and for accelerating financing in the economy.  

Regardless of the economic backdrop, Romania needs to look ahead. Among the critical infrastructure required for growth, beyond roads, highways and digitalization, we also need to develop financial infrastructure. Guarantee products stimulate investment, and we are confident that BID is becoming one of the essential development partners for the economy and the banking system. Entrepreneurs are familiar with guarantee schemes and we are sure they are eager for this news. This is an important program for SMEs, which makes it very important for BT as well. 

Tiberiu Moisă
Deputy CEO SME & MidCorporate
Banca Transilvania  

The partnership with Banca Transilvania marks another solid step in the natural direction: turning BID guarantees into a real engine of financing for the Romanian economy. With every partner bank, we build a safer bridge between entrepreneurs’ potential and the capital they need to grow.

Dan Sandu
CEO
Banca de Investiții și Dezvoltare  

Details of the new financing product: 

• Loans are primarily intended for investments in equipment, as well as for the development and modernization of production capacity. Financing can also be used to cover working capital needs to support business growth.

• It will support investments with an impact in local communities and will stimulate job creation.  

• The maximum guarantee amount can be up to 10 million lei for each loan.  

• The BID guarantee covers 70% of the financing amount. 

• The maximum guarantee term is 10 years.  
  
  

Banca Transilvania has the most extensive ecosystem supporting small and medium-sized enterprises in Romania, with over 500,000 SME and micro clients.

BT and Banca de Investiții și Dezvoltare also announced, earlier in November, a first agreement to support the development of investment projects for infrastructure and local communities, carried out by local public authorities and the companies under their authority.