The financing is already being used by the company to expand the storage facilities it operates in the Sura Mica industrial park in Sibiu.
OTP Bank has been running an intensive lending campaign dedicated to small and medium-sized companies through the SME Invest Romania program. The bank quickly exhausted the first allocation from the National Credit Guarantee Fund for Small and Medium-sized Enterprises and then obtained two successive increases in the guarantee ceiling, currently managing a ceiling of approximately 1.2 billion lei.
“It is a high-value financing, which demonstrates the functionality of the IMM Invest program and provides an example of development for companies of this size. We first sought to see Rara Logistic's operations, on-site, the business model and the destination of the financing. We see a solid project, in an industry where demand is growing and which will increase the regional capacity of our partner”, said Dragos Mirica, Deputy General Manager, Corporate Division, OTP Bank.
