EximBank and Electrogrup, one of the top players in the energy infrastructure, telecom and civil construction sector have signed financial agreement of EUR 11 million for services exports, a press release informs.
The financing package includes a multi-product facility for the working capital needed for running the business as usual activity and a guarantee facility that will be used for participating in an investment project in Poland, where the company has a subsidiary.
“We trust that the agreement concluded with Electrogrup represents the first stage of a long-term partnership. Our concern remains the building of a serious relationship with the business environment for supporting local business projects and complex international investments programs where Romanian companies may capitalize on their high level of expertise”, Traian Halalai, Executive President of EximBank said.
He added that the bank is available and has the necessary resources for supporting the expansion of the foreign commercial operations of Romanian entrepreneurs and will continue to improve its financial solutions in order to offer products that are aligned to European standards and practices in terms of financing the business development.
Cluj-based company is one of the few Romanian companies that has consistently expanded its activity abroad, by opening in the last few years subsidiaries in Germany, Russia and Poland. Electrogrup has participated as a constructor in investments projects developed by the respective states.