CEC Bank granted EUR 12 million of agricultural loans and guarantee letter for agricultural projects since June 1 this year. The bank has granted 32 such loans and guarantee letters in total. CEC Bank has opened offices dealing with European Funds in all its subsidiaries. It has been working in 320 files for agricultural projects since the beginning of June, worth EUR 90 million in total.

“Not all banks in Romania are willing to grant loans as we have, sometimes offering loans of RON 87. But there have been projects of a couple of millions of euros over time,” said Radu Ghetea, president of CEC Bank (in picture).