Under this convention, BCR will be able to grant credits exceeding RON 1 billion (€196.6 million) to SMEs, utilising the BID guarantee ceiling of RON 710 million (€139.6 million). 

The BID guarantee can cover up to 70% of the loan value, with a maximum per-credit amount of RON 10 million (€2.0 million). For companies owned by women, start-ups, and innovative firms, the guarantee percentage can reach up to 80%. The maximum guarantee period is 10 years, offering flexibility for long-term investments.

Sergiu Manea, CEO of BCR, said: "The agreement between BCR and BID supports the conversation with entrepreneurs about relevance, productivity, innovation, and integration into international value chains, providing the necessary framework to turn these objectives into concrete investment projects."

Dan Sandu, General Director of BID, added: "The portfolio guarantee allows banks to extend credit to SMEs without taking on additional risks, which multiplies the effect of public capital and creates the foundation for sustainable growth."

Eligible credit purposes include investments in equipment, production capacity expansion, commercial or storage spaces, modernisation, digitalisation, and working capital.