News & Analysis
EBRD considering Romania, Georgia loans
Drew Wilson
12/23/2008 3:10 AM EST
BOSTON — The European Bank of Reconstruction and Development intends to provide a 100M euro ($140M) loan to the Romania's Banca Transilvania to support long-term funding of small and medium size businesses, the EBRD said in a statement.
The loan will allow Banca Transilvania to continue providing SME loans at a time of increasingly limited access to bank finance.
More than 7,500 SME clients stand to benefit from the new EBRD funds, the EBRD said.
The EBRD is also considering lending $19.5M to Georgia's TBC Bank, which is in the process of restructuring its operations towards a more sustainable funding model under post-conflict market conditions and amid the global financial crisis.
TBC Bank is the second largest bank operating in Georgia, according to the EBRD.
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Liv7
1/14/2013 3:36 AM EST
For small and medium business it’s very important to be able to receive funding when it’s necessary. Such sectors are very important for an enonomy of any country, because small and medium business owners make money and provide money circulation, they pay texes and create work places. But we live in times of global economic crisis when it can be hard to save enough money to start a business, so lots of people try to take out a startup loan. It’s very good when such loans are available and relatively easy to get, so more people can start a business and help to boost the economy.
Liv from http://paydayloansat.com/
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