Guarantees in the name and on the account of the state
Exim Banca Romaneasca issues guarantees in the name and on the account of the Romanian state, which cover up to 80% of a credit value which is to be obtained from financial institutions to perform investment projects and current activity.
Characteristics
- it is granted to complete the guarantees established by the credit applicants,
- value: maximum 80% of the credit value,
- currency: the guarantee is granted and paid in the credit currency,
- granting period: established depending on the credit tenor.
Beneficiaries
- financial institutions granting credits to applicants.
Advantages
- irrevocable and unconditional arrangement,
- facilitates access to financing,
- reduces the risks associated to lending activity.