BT to finance EU-backed projects worth 100m euros
Ziarul Financiar
10.02.2010
Banca Transilvania (BT) has launched a platform of services
dedicated to beneficiaries of EU funds and wants to finance
projects worth 100 million euros in 2010, bank officials say.
"Most of the times, beneficiaries who have an idea for a
project go to consultants, but don't look into whether they can get
funding from a bank or not. That is why applicants complain that
they are waiting in vain for the bank to approve the loan for their
project, because it does not meet the bank's conditions, although
the project is eligible for EU funding. As far as we are concerned,
the beneficiary goes to one of the consultancies with whom we have
sealed a partnership. In addition to explaining the services they
provide, consultants also inform beneficiaries about the conditions
that need to be met in order to obtain a bank loan, so the project
can be adjusted, and carried through to its end," says Leonard
Cornoiu, manager of the European programmes department within
BT.
The bank has so far sealed partnerships with 20 consultancies. "We would prefer projects benefiting from the new platform to be worth up to 2.5-3 million euros on average, but we have not set limits. So far we have financed EU-funded projects worth around 200 million RON (50 million euros)," adds Cornoiu.