CEC Bank has obtained a 25 million euros loan from the European Investment Bank (EIB), which will be used to finance public sector projects that contribute to sustainable economic development, particularly in regions most affected by the climate transition.

“This partnership with CEC Bank strengthens our commitment to sustainable development in Romania,” said EIB Vice-President Ioannis Tsakiris. “Our goal is to support initiatives that enable local communities to become resilient and adaptable in the face of change. This is an excellent example of how our lending activities and advisory expertise can be combined to deliver tangible improvements at the local level,” Tsakiris added.

“Supporting investment projects of local public administrations, which directly contribute to community development and to improving quality of life, is a strategic priority for CEC Bank. The financing provided through the partnership with the European Investment Bank adds value in terms of stability and trust, through competitive costs and maturities tailored to infrastructure projects. This collaboration strengthens CEC Bank’s role as the main financial partner of local authorities in implementing essential investments for Romania’s development,” said Bogdan Neacșu, CEO of CEC Bank.