Alpha Bank Romania continues to support small and medium-sized enterprises (SMEs) through its strategic partnership with the European Investment Fund (EIF) which brings substantial benefits in the field of lending. Through this partnership, small and medium sized companies will be able to access loans on flexible and competitive terms, supported by EIF guarantees and expertise.
“Through our partnership with the EIF, we are able to offer companies and start-ups loan facilities at significantly reduced costs compared to those normally offered by accessing the EIF’s guarantee, ranging between 30% and 70% of the financing amount. The Competitiveness and Sustainability financial instruments of the National Recovery and Resilience Plan implemented by Alpha Bank Romania aimed at stimulating both the generation and growth of added value in the business environment and the transition to a green and sustainable economy. We are confident that through this partnership, we will provide tailored solutions suitable for SMEs’ activities in order to capitalize on their growth potential, including through the implementation of innovative projects”, said Dragoș Drăghici, Director of the SME Department of Alpha Bank Romania.
The main beneficiaries of these funding solutions are SMEs meeting the European criteria, with up to 250 employees and an annual turnover of up to 50 million euro.
Companies now have access to significant financial resources to support their development projects and strengthen their market position. Thus, the partnership between Alpha Bank Romania and the EIF is a key step towards strengthening the business environment in Romania, providing SMEs with the tools and resources to reach their full potential and contribute to the growth of the economy.
The EIF supports small businesses by improving their access to finance in Europe and many countries outside Europe. The EIF designs and develops venture and growth capital instruments, guarantees and microfinance instruments to promote innovation and job creation.
In December, Alpha Bank Romania agreed a partnership with the European Investment Fund (EIF) to implement financial instruments such as portfolio guarantees. The two guarantee products are part of the financial instruments pillar of the National Recovery and Resilience Plan (NRRP) and focus on the areas of sustainability and competitiveness. The SME Sustainability product focuses on green finance, aiming at adapting companies and business processes to climate change with major impacts on quality of life. It encourages the efficient use of resources and contributes significantly to the European Union’s overarching goal of achieving climate neutrality by 2050.