EximBank grants a financial package worth EUR 11 mln to Electrogroup

EximBank offers a financial package worth EUR 11 million to Electrogroup mainly for the services’ export, according to a release of the bank.

The financial package includes a multi-product ceiling to ensure the working capital necessary for the current activity development of the company and a guarantees ceiling that will be used to support a big investment project in Poland, where the company owns a subsidiary.

„Structuring this facility for one of the most important Romanian entrepreneurial company, with a component for the current activity and one for export, shows the flexibility and capacity of EximBank to supply financial competitive solutions, appropriate to the profile of each partner to the corporate segment. We trust that the agreement closed with Electrogrup represents a first stage from a partnership on a longer term. And this is because our objective remains to build a solid relation with the business environment to support the business projects developed locally, as well as those who are part of complex investments programs, with international participation, where Romanian firms can capitalize the high level of competence,” according to the executive president of EximBank, Traian Halalai (photo).

He added that the bank has also the availability and the resources to support the expansion of the commercial operations of the Romanian entrepreneurs and we’ll continue to update the financial solutions, to offer products in line with the European practices.

„We woould be glad if there were big infrastructure projects in Romania, where we can develop. Until then, we’ll grow our expertise in Germany, Russia, UK, Poland and other countries, continuing the shareholders’ strategy to make a multinational with Romanian capital from Electrogroup, ” said Teofil Muresan, founder and shareholder of Electrogrup.

Electrogroup was set up in 1997 by brothers Teofil and Simion Muresan from Cluj. In the last years the company opened subsidiaries in Germany, Russia and Poland, as constructor in several investments projects in these states.