Black Sea Trade and Development Bank (BSTDB) will provide Banca Comerciala Carpatica (BCC) of Romania with a €10mn medium-term SME loan facility. The facility, which carries a tenor of four years, intends to finance sub-loans offered by BCC to SMEs in the country.

Proceeds will be used to provide short-to-medium-term financing in support of industrial, agricultural and service-related enterprises, including their start-up working capital requirements and export and pre-export financing.

This operation will further strengthen BSTDB’s efforts to enhance availability of funds for SME financing in Romania, claims the bank.