Vitas | Romania
Vitas Group (Vitas), a for-profit subsidiary of Global Communities, continued its work lending to micro-, small and medium-sized enterprises (MSMEs) in Eastern Europe. In addition to maintaining its commitment to lending, Vitas also embraced innovation by developing new digital products and partnerships. Licensed by Central Banks, Vitas operates a unique network of microfinance companies with a proven track record and over 20 years of experience.
In 2023, Vitas Romania proudly sponsored the Timişoara European Capital of Culture. This sponsorship enhanced brand awareness on a national and international stage while providing a platform for meaningful engagement with stakeholders and community members. The partnership aligns with Vitas Romania’s corporate social responsibility strategy by emphasizing the importance of art, culture and community.
In addition to partnering with the Timişoara European Capital of Culture, Vitas Romania also sponsored Nobel Laureate Eric Maskin’s visit to the University of Timişoara. Maskin is a co-recipient of the 2007 Nobel Memorial Prize in Economic Sciences, and his visit was a significant event for Romania’s academic and business communities. Vitas Romania’s sponsorship facilitated a series of lectures and workshops with a focus on game theory and its application in economics. This event showcased Vitas’ role as a bridge between academic communities and the economic industry.
Notable Numbers
Total amount of loans disbursed in 2023, resulting in a 45% portfolio growth
Unique social media views of posts promoting Eric Maskin’s lecture series
Individuals who attended Eric Maskin’s lecture series at the University of Timişoara