OTP Bank has financed the first company through IMM Invest: working capital loan of one million RON for Lucimet Prod

OTP Bank has granted the first loans guaranteed through the IMM Invest Romania Program. Among them is the Romanian container manufacturer Lucimet Prod. The financing of one million RON provides working capital in order to increase productivity for the Bucharest factory.

OTP Bank has joined the start of the largest government program to guarantee loans for small and medium enterprises, IMM Invest Romania, and at the beginning of May, the process of signing the Agreement for Guarantee and Payment of Grants with the National Credit Guarantee Fund for Small and Medium Enterprises was completed. A few weeks later financing requests have gone through the approval process and customers have begun making use of their credits.

“These are difficult times, of crisis and uncertainty for all entrepreneurs, I would say. Some are considering closing their businesses, and most of them have reduced the number of employees or requested technical unemployment. We have hope and stubbornly protected our human resources. And not only that. We have adapted to the new normality by offering better prices for the Romanian market and for Western Europe. But we could not have done this without the support of OTP Bank Romania. We are content with the received counselling and the pace with which we came into use of the requested financing”, said Gheorghe Cornel Udrea, Lucimet.

Lucimet Prod, the first company in the portfolio of OTP Bank Romania to obtain financing through the IMM Invest Romania Program, has been producing, for 17 years, metal constructions, containers, containers with special functions and for waste collection, sorting, compaction and transport.