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UniCredit Tiriac Bank, one of the leading banking institutions in Romania, financed SMEs with about 25 million through the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative, managed by the European Investment Fund (EIF)
Granted as preferential loans, the credits have now reached an absorption rate of about 30% of the JEREMIE guarantee agreement signed with the EIF, which allows the bank to allocate new loans totaling EUR 87.5 million. JEREMIE guarantee covers 80% of loans.
