Financing Product is a new initiative of CREDINS bank aiming at lending to local government institutions for realizing different investment projects to the best of the public interest. School, health centres, building and reconstruction of roads, green parks etc are the object of these finances.
Credins bank has designed short and middle term loan products for local instances with very favourable terms for public investments in compliance with Law No. 9869, date 04.02.2008 on Local Government Borrowing and in compliance with the Guidelines of Ministry of Finance No. 35, date 05.11.2008.
Midterm loan for public investment
Midterm loan for public investments is a product designed for helping the institutions and instances of local government for the realization of public work for the best of the collective community, which will be repaid by the revenue of these institutions or by funds projected for this reason in the state budget.
Short-term loan for liquidity financing
Short term loan for local government instances is a product designed for helping the institutions and local government bodies for covering the temporary lack of liquidity which will be repaid by the revenues of these institutions or by funds projected for this reason in the state budget which are not placed as a guarantee for this loan.