06.15.2016

Shareholders of Romanian cable maker Romcab Targu-Mures (MCAB.RO) approved the extension by maximum 12 months of a EUR1.3 million credit line from Banca Comerciala Feroviara and of another EUR670,000 more

05.16.2016

Credit Agricole Bank Romania, the local division of international group Crédit Agricole S.A., appointed Luc Beiso as its Chief Executive Officer (CEO). more

04.04.2016

Romania’s Financial Supervisory Authority (ASF) on Monday said it approved the takeover of general insurance company Credit Europe Asigurari – Reasigurari S.A. by Ergo Group, one of the largest more

03.24.2016

Patria Credit (former Nextebank) has increased its stake in Romanian lender Banca Comerciala Carpatica (BCC.RO) to 64%, after the completion of the mandatory takeover bid initiated at the beginning of more

12.09.2015

Ergo Austria International, part of German group Munich Re, has reached an agreement with Credit Europe Bank Romania to take over Credit Europe Asigurari which ranked 17th on the Romanian insurance more

12.07.2015

Ergo, one of the leading insurers in Germany, is in advanced talks to buy the local insurance unit of Turkey’s Credit Europe, insurance industry sources told ZF. more

09.28.2015

Lender EximBank will grant a credit line worth EUR10 million to sofa producer Italsofa Romania for funding the company’s current operations, the bank said in a statement Monday. more

09.17.2015

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, posted net losses of EUR3.1 million (nearly 14 million lei) in the first semester, half from more

08.20.2015

Agricover Credit IFN, the lending division of Agricover group, reported a net profit of RON10.22 million in the first six months, up 27% compared with the corresponding period a year earlier, the more

08.17.2015

Credit Agricole Romania, the local subsidiary of French banking group Credit Agricole, approved in stockholders’ meeting the mandate extension of Pierre Martin as vice-president with the bank’s more

06.25.2015

Romanian private lending stopped its decline in May, rising 0.8% in real terms against the previous month, after a 0.3% decrease in April, central bank data showed Thursday. more

06.16.2015

IFC, a member of the World Bank Group, has extended a $30 million credit trade line to Alpha Bank Romania to expand the availability of trade finance for importers and exporters in Romania to help more

06.04.2015

Polish group Getin, who owns Romanian lender Idea Bank, is currently in talks on acquiring credit portfolios to support its development plans, the group's chief executive Piotr Kaczmarek told Ziarul more

04.20.2015

Agricover Credit, the lending division of Agricover group, will borrow RON100 million (over EUR22 million) from EximBank to fund agriculture projects, after signing a EUR10 million seven-year loan more

04.01.2015

Agricover Credit, the lending division of Agricover group, got a loan worth EUR10 million for a 7-year period from International Investment Bank (IIB), that will be lent to farmers for working capital more

02.25.2015

Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the economic more

02.24.2015

Agricover Credit IFN, the lending division of Agricover group, gave loans amounting to RON837 million (EUR188.5 million) in 2014, up 30% on the year, mainly funding working capital, and posted a net more

01.21.2015

The problems caused by the appreciation of the Swiss franc can only be partly solved by personal bankruptcy procedures, as such procedures only apply to insolvent individuals and would make things more

10.17.2014

Banks have 530 million lei (EUR120 million) worth of non-performing credit card loans in their portfolios, many of which sold as an option to consumer loans, reveals the annual financial stability more

09.16.2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 more

06.27.2014

The Credit Bureau, the institution that collects data on household loans, released five million reports at banks’ request for information on the situation of existent and potential clients in more

06.05.2014

Agricover Credit IFN, the financing division of Agricover group, will take out a loan of 30 million lei (EUR6.8 million) from Oikocredit International based in The Netherlands. more

04.24.2014

Three local banks, Raiffeisen, Pro Credit and Garanti, are preparing 760 million lei (EUR170 million) bond issues to be listed on the Bucharest Stock Exchange. more

04.22.2014

Credit Agricole, the Romanian subsidiary of one of the strongest French banking groups, reported net loss of 28.2 million lei (EUR6.3 million) for 2013 after having posted a negative result of RON27.3 more

04.02.2014

Romania’s insolvent hydropower producer Hidroelectrica terminated a credit line worth 80 million lei (EUR17.93 million) granted by Alpha Bank in 2009, falling due on March 31, 2014. more