BCR and European Investment Bank Sign Agreement for 200 Million Euro Financing for Large Companies
BCR and the European Investment Bank (EIB) have signed an agreement for the implementation of the PNRR portfolio guarantee, through which BCR will provide loans of up to 200 million euros to companies with over 500 employees. Through BCR, companies will be able to access loans of up to 25 million euros (or the equivalent in lei), guaranteed up to 80% by the EIB, for investment projects and to support working capital needed for their implementation.
The agreement supports projects that advance the green and digital transition, as well as the strengthening of economic and social cohesion, being a key instrument within the NextGenerationEU initiative.
BCR’s priority is to support and finance investments in transformative projects for Romania, aiming to promote sustainable development and economic growth.
BCR and European Investment Bank partnership for sustainable development
BCR is excited to announce its partnership with the European Investment Bank to support the modernization and development of infrastructure, as well as the resilience of the economy. This collaboration aims to promote structural reforms and investments that will have a long-term impact on Romania’s sustainable development and economic stability, ensuring balanced regional development and equal access to economic opportunities.
Bogdan Cernescu, Managing Director and Head of Corporate Banking at BCR, expressed his enthusiasm for the partnership, highlighting the importance of projects that focus on sustainable development and economic stability. He emphasized the significance of initiatives that support the environment and contribute to the protection of natural resources.
Eligible projects for BCR financing with partial EIB guarantee
Projects eligible for financing with partial EIB guarantee include infrastructure projects targeting the development and modernization of transportation, energy, water and sanitation, as well as digital infrastructure. Additionally, projects focused on environmental sustainability, such as investments in renewable energy, energy efficiency, and ecological initiatives, are also eligible. Finally, projects related to digitization and innovation are encouraged, with a focus on advancing technological solutions for sustainable development.
Supporting Projects for Automation, Digitalization, and Technological Innovation
novare is committed to supporting projects that focus on automation, digitalization, and technological innovation across various economic sectors. Through our funding, we aim to drive forward initiatives that will revolutionize industries and create a more efficient and interconnected world.
Projects in Education and Health
novare is also dedicated to the development of educational and healthcare infrastructure, as well as other social initiatives. We believe that investing in these areas is crucial for the well-being and progress of society as a whole. Our goal is to improve access to quality education and healthcare for all individuals, regardless of their background or circumstances.
Portfolio Guarantee Agreement
As part of our commitment to supporting the implementation of projects under the National Recovery and Resilience Plan in Romania, novare has added a portfolio guarantee agreement totaling 1.4 billion euros. This funding will help drive forward key projects that will benefit the country’s economy and society. So far, novare has supported the co-financing of two highways – A3 and A7 – in Romania, demonstrating our commitment to infrastructure development and connectivity.
