The funding will provide more affordable and longer-term options, with a specific focus on companies located in the country's less-developed regions, thereby fostering economic cohesion.
Valentin Vancea, Director General at Patria Bank, said: “This second EIB financing represents a validation of the strategic direction we have pursued and clear proof of our commitment to supporting the entrepreneurial environment in Romania. By accessing these additional resources, Patria Bank strengthens its capacity to provide tailored solutions to entrepreneurs, supporting their sustainable development and long-term resilience."
A significant portion of the loan—a fifth of the funds—is earmarked for climate action. This will enable companies to invest in projects that promote clean energy and lower energy consumption.
Examples include installing rooftop solar panels and acquiring more energy-efficient machinery that produces fewer emissions. This initiative also aims to help businesses mitigate the impact of persistent price volatility by reducing their electricity costs.
The partnership is aligned with the EIB's broader strategy in Romania, which focuses on fostering inclusive growth, modernizing industry, and accelerating the shift to a low-carbon economy.
