BRD-Groupe Societe Generale secures EBRD financing
The credit line is part of a broader financial arrangement provided by the EBRD to Societe Generale’s subsidiaries in eastern Europe.
In the current market conditions, when commercial banks continue to maintain conservative lending strategies, access to finance by enterprises remains limited. The EBRD’s facility will increase the provision of available funding to be channeled to Romanian enterprises.
The EBRD specified that the proceeds of its loan will be used to finance the investments and working capital needs of private companies operating in with short, medium and longer term loans at a time when availability of funding to businesses remains constraint. “The project will help to ensure a continued flow of credit to private companies operating in at a time when businesses are still facing difficulties in obtaining funding for their development,” said Jean-Marc Peterschmitt, EBRD Director for Financial Institutions, EU and Ukraine.
“Our co-operation with the EBRD is a long standing one and very successful over many years and many banking products. The new credit line will be dedicated to both the SME sector and the larger private companies and will have a positive impact in re-launching the economic growth in ,” said Guy Poupet, Chairman and CEO of BRD–Groupe Societe Generale.
This project is a continuation of the EBRD’s successful relation with BRD–Groupe Societe Generale. Previously the EBRD provided the bank with over 121 million Euro in various financing packages.
In the current market conditions, when commercial banks continue to maintain conservative lending strategies, access to finance by enterprises remains limited. The EBRD’s facility will increase the provision of available funding to be channeled to Romanian enterprises.
The EBRD specified that the proceeds of its loan will be used to finance the investments and working capital needs of private companies operating in with short, medium and longer term loans at a time when availability of funding to businesses remains constraint. “The project will help to ensure a continued flow of credit to private companies operating in at a time when businesses are still facing difficulties in obtaining funding for their development,” said Jean-Marc Peterschmitt, EBRD Director for Financial Institutions, EU and Ukraine.
“Our co-operation with the EBRD is a long standing one and very successful over many years and many banking products. The new credit line will be dedicated to both the SME sector and the larger private companies and will have a positive impact in re-launching the economic growth in ,” said Guy Poupet, Chairman and CEO of BRD–Groupe Societe Generale.
This project is a continuation of the EBRD’s successful relation with BRD–Groupe Societe Generale. Previously the EBRD provided the bank with over 121 million Euro in various financing packages.
Citeşte mai multe despre:
EBRD, BRD-Groupe Societe Generale, SMEs
S-ar putea să îți placă:
COMENTARII:
Fii tu primul care comenteaza