- Sogelease Profile
The European Investment Bank (EIB) and BRD Sogelease IFN SA have signed an agreement for EUR 20 million to finance projects which will contribute to increasing employment, improving access to medium and long-term financing for Romanian companies and boosting the competitiveness of the Romanian economy. The EIB funds will be used to finance projects promoted by SMEs (with up to 250 employees), mid-cap companies (with up to 3 000 employees) and public-sector entities, as well as other types of private-sector promoters in Romania. The financing granted by BRD Sogelease IFN SA from the loan granted by EIB benefits from favorable price conditions which will be transferred to the Final Beneficary.
This loan represents a continuation of the successful cooperation between the EIB and BRD Sogelease IFN SA. Including the current loan, the EIB has already granted four credit lines to BRD Sogelease IFN SA totaling some EUR 70 million. Previous loans have been successfully disbursed and allocated to the final beneficiaries, primarily SMEs.
A significant part of EIB lending to Romania is made up of loans to financial institutions for financing Romanian companies, mainly SMEs and mid-caps.
EIB lending to Romania amounted to EUR 1 billion in 2016. Of this amount, 39% represents funding for the environment sector, and SMEs and intermediary enterprises in Romania have benefited from another 30%. Innovation has benefited from 25% and infrastructure from the rest of 6%.In the last five years (2012-2016), the bank invested EUR 2.7 billion in the Romanian economy.
Currently the EIB local network of intermediaries includes eight active financial institutions that channel EIB funds to support the country’s economy.
The European Investment Bank is the long-term lending institution of the European Union and is owned by the EU Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.