CEC Bank and District 5 of Bucharest have signed a financing agreement worth around RON 477 million for the refinancing of older domestic loans for various local development projects.

The purpose of the current loan is to achieve savings by reducing financing costs and creating medium-term liquidity in order to implement new investment projects of District 5 of Bucharest.

“Through the assumed mission, CEC Bank defines itself as an active supporter of the local public administration. The financing granted to Bucharest Sector 5 demonstrates once again the involvement of the Bank in the life of local communities and in their efforts to modernize or develop new social projects, “said Radu Gratian Ghetea, president and CEO of CEC Bank.

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