Intesa Sanpaolo Romania announced it had made a €20m deal with the European Investment Bank (EIB) to help finance investments by small and medium-sized enterprises as well as projects in the public sector. The loan will be divided, with €15m going to Intesa Salnpaolo Bank and €5m to Intesa Sanpaolo Leasing Romania.
The deal comes on the heels of a similar agreement between EIB and Raiffeisen Romania.
This loan will help to increase the productivity and competitive capacity of SMEs and mid-cap companies, according to news portal dailybusiness.ro. The money will also go toward priority infrastructure projects.
Intesa Sanpaolo Group has offices in Central and Eastern Europe, the Middle East and North Africa, with more than 1,500 subsidiaries operating in 12 countries within the region. In Romania, Intesa Sanpaolo has 90 branches and more than €1bn in assets.
