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Raiffeisen Bank lends 900,000 euro to Romania's Grande Gloria Production

Raiffeisen Bank lends 900,000 euro to Romania's Grande Gloria Production Grande Gloria Production

BUCHAREST (Romania), August 31 (SeeNews) - Raiffeisen Bank said on Tuesday it has extended a 900,000 euro ($1.06 million) loan to Romanian cosmetics, pharma and household products manufacturer Grande Gloria Production.

Grande Gloria Production will use the funds to buy new equipment, Raiffeisen Bank said in a press release.

The loan is guaranteed by state-owned EximBank on behalf of the Romanian state within the framework of a Covid-19 state aid scheme.

Grande Gloria Production produces wet wipes, cosmetics,
disinfectants, pharma products and personal care and household products, as well as PET packaging.

($=0.8478 euro)

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