EIB, Romania’s BRD Sogelease Sign 50 Million Euro Loan Deal

The European Investment Bank (EIB) said it has signed a 50 million euro loan agreement with Romania’s BRD Sogelease to support the country’s businesses and national economy.

“The arrangement will create new opportunities for small and medium-sized enterprises (SMEs) and mid-caps, and will contribute to general sustainable growth,” EIB said in a statement.

Through this intermediated loan, BRD Sogelease will use EIB financing to facilitate new lending on favourable terms to eligible clients.

“The loan is part of a larger arrangement to provide favourable financing to SMEs, reflecting the Bank’s commitment to environmental sustainability, with 20% of the total earmarked for green investment,” the statement added.

BRD Sogelease is the leasing subsidiary of BRD – Groupe Société Générale, part of the Société Générale Group. It is the third largest commercial bank in Romania, with total assets exceeding 15.5 billion euro.

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