Romanian lender EximBank ponders incentives of about EUR 31 mln in total for 15 investment projects to be carried out with European funds through the Payment agency for Rural Development and Fishing (APDRP), for modernization of agricultural holdings, according to the bank.

EximBank provides an integrated package that includes loans for financing and pre-financing, to the companies and public authorities that have projects financed from structural funds. Depending on the type of project, the bank may grant loans for co-financing the component representing the company’s contribution. Through this product, a company that made a financing contract with the management authority may receive 100 percent of the eligible and ineligible expenses for their contribution.

In the first half of this year, EximBank provided facilities with a total value of about EUR 90 million (RON 400 million) for projects developed with European funds.

In the first half of this year, EximBank recorded a gross profit of around EUR 17.94 million in the first half of this year, 80 percent higher than the one reported during the same period in 2010.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)