In the spotlight

ProCredit Bank answers the financing needs of SME-s, by its participation in the "Mihail Kogălniceanu Government Programme for Small and Medium-Sized Companies", which aims at supporting small and medium-sized companies by partially subsidizing the interest of credit lines. The Kogălniceanu programme is implemented through the Agency for the Implementation of Projects and Programmes for SME-s (A.I.P.P.I.M.M.) – which institution offers companies the agreement in principle for the interest subsidy (for more details, please access the website: www.aippimm.ro)

 

The credit line with subsidised interest is granted with a 12-month maturity, and themaximum granted amount is Lei 125,000. According to the provisions of the programme, 70% of the interest is subsidized by the state (but no more than 6.5% per year). The beneficiaries of the programme can use the credit line for the following purposes:

 

• supply, production, retailing expenses;
• expenses for performance of works and/or service supply;
• expenses for setting up, processing, and capitalizing on inventory;
• other types of expenses incurred by the performance of the current activity;
• expenses with salaries and other assimilated expenses;
• payment of taxes, fees, contributions and other amounts owed to the general consolidated budget;
• other operating costs.

 

In addition to the convention with A.I.P.P.I.M.M., ProCredit Bank also concluded a convention with the National Loan Guarantee Fund for Small and Medium-Sized Companies (F.N.G.C.I.M.M.), in order to ensure the guarantee of loans for the beneficiaries of the programme. The guarantee offered by the F.N.G.C.I.M.M. can cover up to 80% of the value of the accessed loan (but not more than Lei 100,000).