Both lines willfinance projects promoted by SMEs, with the purpose of job creation or preservation. Raiffeisen Bank can also finance investments made by local authorities and public companies with the purpose of improving living conditions in urban and rural areas.
"As the European social development bank, CEB is happy to work together with Raiffeisen in Romania to provide a boost to job creation and development of the country. CEB is committed to strengthening social cohesion and development in our member countries, a job which is essential in the current difficult economic circumstances", stated CEB Vice-Governor Mikolaj Dowgielewicz.
"Raiffeisen Bank continues to be involved in sustaining the Romanian economy, in creating and preserving viable jobs. It is important in these difficult times to demonstrate that we can sustain the economy and, through these tailor-made financing solutions, we represent a vital support for the bank’s customers - small and medium enterprises and public sector entities. Funds from this loan will become available starting December" said James Stewart, Vice President of Raiffeisen Bank.
The loans offered by Raiffeisen Bank and Raiffeisen Leasing from CEB funds will benefit from attractive pricing conditions and will be granted on medium and long term. CEB funds can be used in combination with EU funds or State Aid.
Raiffeisen Bank Romania is a top universal bank,which offers a complete range of high quality products and services to individuals, SMEs and large corporations. The client base remained constant in 2012, at over 2 million individual clients, 100.000 SMEs and over 7.500 large and medium corporate customers. At the middle of 2012, the Raiffeisen Bank network counted 539 agencies (compared to 542 as at June 2011), a network of over 1.100 ATMs and approximately 10.500 EPOSs
Set up in 1956, the CEB (Council of Europe Development Bank) has 40 Member States. Twenty-one Central, Eastern and South Eastern European countries, forming the Bank’s target countries, are listed among the Member States.
As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aaa with Moody's, outlook stable, AAA with Standard & Poor's, outlook negative and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its Member States, to financial institutions and to local authorities for the financing of projects in the social sector, in accordance with its Articles of Agreement.