May 16 (SeeNews) - The European Investment Bank (EIB) said on Friday it is considering lending around 100 million euro ($137 million) to Romanian state-owned savings bank CEC.
The funds will be used for financing of small and medium-sized ventures carried out by small and medium-sizes enterprises, mid-caps and public sector entities, the EIB said in a statement posted on its website.
The gross profit of CEC Bank jumped to 56.2 million lei ($17.6 million/12.7 million euro) in 2013 from 33.5 million lei a year earlier.
($ = 0.729 euro)
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