EBRD supports small business in Romania


The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have released Ђ5m to Microfinance Bank MIRO, a private Romanian bank, to support small and medium-sized enterprises (SMEs) in the country.

The five-year loan bears a two-year grace period. The interest rate is EURIBOR plus 1.7 percentage points.

The MIRO Bank main shareholders are the EBRD with 20.83% stake, the International Finance Corporation(IFC) with 19.14% and Deutsche Investitions und Entwicklungsgesellschaft Gmbh with 20.83%.

Source: Invest Romania



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Posted on Oct 17, 2003
Region: Romania