Romanian Banks, SMEs Need Dialogue To Revive Lending

Banks and SMEs need to understand that profit is the common denominator, sought by banks and SMEs alike, which means dialogue needs to be instated, to make sure both agendas are fulfilled, Saramet told MEDIAFAX talks about SME’s conference Tuesday.

Statistics cited by Saramet show that only 15% of SMEs used bank loans.

The fund issued guarantees worth EUR144 million in the first four months of this year, where 74% targeted renewal loans for credit lines.

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The FNGCIMM guarantees up to 80% of loans granted to SMEs, up to a value of EUR2.5 million.