Ghetea, CEC Bank: Risks Related To SME Lending Decreased From Previous Years

Risks related to the funding of small and medium-sized enterprises (SMEs) in Romania have decreased compared with the previous years, as the “market is cleaner” after the bulk of SMEs have vanished after the financial crisis, Radu Gratian Ghetea, president of state-owned lender CEC Bank.

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Speaking about financing small businesses, Ghetea said: „The risk undertaken in the past in the relation with clients accessing EU funds was lower than that in the relation with those failing to access EU funds. (…). To us, as a bank involved in SME lending, this is an interesting field – EU funds and similar programs for SME funding.”

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