Bancpost, Eximbank Sign SME Funding Agreement With RON20M Guarantee Cap

Small and medium-sized companies with insufficient assets to cover guarantees may get loans from Bancpost, under a guarantee cap of RON20 million, following an agreement between the lender and EximBank.

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Romania's state-run lender EximBank said in a statement Tuesday it has partnered with Bancpost to ease local SME access to financing for current operations and investments.

Clients may get individual guarantees of up to RON1.5 million. For investments, guarantees may cover up to 80% of the loan, while for current operations, guarantees may cover up to 70% of the credit line.

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