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Romania Bank Lending to Small and Medium Sized Enterprises in Rural Areas; An Analysis of Supply and Demand

By Food and Agriculture Organization of the United Nations

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Book Id: WPLBN0000064754
Format Type: PDF eBook
File Size: 0.8 MB
Reproduction Date: Available via World Wide Web.
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Title: Romania Bank Lending to Small and Medium Sized Enterprises in Rural Areas; An Analysis of Supply and Demand  
Author: Food and Agriculture Organization of the United Nations
Volume:
Language: English
Subject: United Nations., Food and Agriculture Organization of the United Nations. FAO agriculture series, Agriculture
Collections: United Nations Food and Agriculture Organization Collection
Historic
Publication Date:
Publisher: Food and Agriculture Organization of the United Nations; Digitizer: Fao

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Agriculture Organization Of The United Nations, F. A. (n.d.). Romania Bank Lending to Small and Medium Sized Enterprises in Rural Areas; An Analysis of Supply and Demand. Retrieved from http://members.worldebooklibrary.org/


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Nutrition Reference Publication

Summary
Electronic reproduction.

Excerpt
Excerpt: 1. The largest Romanian bank, with 294 branches across the country and a 30 percent market share. About 45 percent of the bank?s lending goes to SMEs. 2. Since 1992, the bank has been heavily involved in various international financing schemes and it has gained good experience in managing them. The experience extends to combining various financing schemes to make them more attractive. 3. For some of the programmes in progress, the funds are exhausted, and new loans are extended based on repayment of the old ones. Long waiting lists are common for such programmes. 4. EBRD supports the bank?s privatisation process (owning 12.5 percent of RCB) and is heavily involved in various financing schemes of RCB. The bank is close to the limit of EBRD exposure to a single debtor. 5. RCB would be interested in a new financing scheme earmarked for rural SMEs and appears confident that clients would be able to borrow under usual conditions. Additional training, however, would be welcome. 6. While the bank generally offers larger loan amounts at more favourable terms than other banks, the clients? perception is that RCB is overly bureaucratic and its procedures are not adapted to meet the special features of SMEs. This is thought especially true if the client is also rural. 7. Thanks to its large branch network, RCB has the best means to disburse a large part of the credit facility component over a short period of time. TA could and should be used to simplify RCB?s loan application and appraisal procedures. Unless such a pre-condition is specifically inserted in the loan agreement contract between EBRD/EU and RCB, the latter will stick to its current procedures, and the Facility will not make a real difference in the rural SME clientele?s perception of and access to bank credit.

 

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