Loans guaranteed 70% by the Investment and Development Bank for BT corporate customers

Banca Transilvania(BT) andInvestment and Development Bank(IDB) are launching a partnership to support SMEs in Romania by facilitating their access to secured financing, reducing costs and simplifying access to credit.

The guarantee agreement signed today is part of the portfolio guarantee mechanism for small and medium-sized enterprises. Banca Transilvania will grant loans of over RON 1 billion under the IDB guarantee ceiling.  

Guarantees from the Bank for Investment and Development increase the possibility for companies to raise the capital needed for development, which is one of the prerequisites for sustainable growth and accelerated financing of the economy.  

Whatever the economic context, Romania needs to look to the future. From the critical infrastructure needed for growth, besides roads, highways or digitalization, we also need to develop the financial infrastructure. Guarantee products stimulate investments and we are convinced that the IDB is becoming one of the essential development partners for the economy and the banking system. Entrepreneurs have the experience of the guarantee programs and we are convinced that they are looking forward to this news. It is an important program for SMEs and that makes it very important for BT as well.

Tiberiu Moisă
Deputy Managing Director SME & MidCorporate
Banca Transilvania

The partnership with Banca Transilvania marks yet another solid step in the natural direction: that of transforming IDB guarantees into a real engine for financing the Romanian economy. With each partner bank, we create a more reliable bridge between entrepreneurs' potential and the capital they need to grow.

Dan Sandu
Managing Director
Investment and Development Bank

Details on the new financing product: 

• The loans are intended primarily for investment in equipment and the development and modernization of production capacity. Financing can also be used to finance working capital for business growth.

• It will facilitate investment in areas that impact local communities and stimulate job creation.  

• The maximum guarantee can reach up to 10 million lei per loan.  

• The IDB guarantee covers 70% of the financing. 

• The maximum guarantee period is 10 years.  
  
  

Banca Transilvania has the most extensive ecosystem of support for small and medium-sized enterprises in Romania, with over 500,000 SME and micro clients.

BT and the Investment and Development Bank recently announced, also in Nov, a first agreementto support the development of infrastructure and local community investment projects carried out by Local Public Authorities and their subsidiaries.