Banca Transilvania approved 1,000 loans within the “IMM Invest” program

Banca Transilvania has approved 1,000 loans within IMM Invest, a program that supports entrepreneurs through access to liquidity, by guaranteeing the majority of these loans and subsidizing interest by the State until the end of the year.

About 500 million RON will enter the economy, of which approximately 430 million RON are for working capital, and almost 70 million lei for investments. Companies from almost all fields are supported, most of them with activity in trade, transport of goods and people, services, constructions and HoReCa. The loans will support over 18,000 jobs, Banca Transilvania shows.

“The IMM Invest program came at a time when the Romanian economy needs the resumption of investment flows. The results of this program will be reflected both in the labor market on short term and in the innovation and digitalization processes in the internal economy on medium term,”  says Andrei Radulescu, Director of Macroeconomic Analysis, Banca Transilvania.