10.02.2015

Shopping center ParkLake, developed by real estate companies Sonae Sierra and Caelum Development in Bucharest’s Titan district, has signed a EUR83 million loan agreement with OTP Bank Hungary, OTP more

09.30.2015

The European Commission will monitor Romania's economic, fiscal and financial situation until May 2018, following the end of a precautionary EUR2 billion loan agreement that ended Wednesday. more

09.29.2015

Almost ten years from the boom of the easy loans where applicants were only required a valid ID to be able to borrow money, banks are trying again to lure customers with fast consumer loans that do more

09.25.2015

Romanian cable maker Romcab Targu-Mures (MCAB.RO) has borrowed EUR15 million from the European Investment Bank (EIB) for the acquisition of raw material. more

09.25.2015

The housing savings and loan system introduced in Romania ten years ago is under investigation by the Court of Accounts on suspicion that the government subsidies part of the process were not used as more

09.22.2015

Prime Minister Victor Ponta said Tuesday that the Romanian government wants to grant a reimbursable loan worth EUR150 million to the Republic of Moldova for a five-year period. more

09.14.2015

Banca Transilvania (TLV.RO), the third largest lender in Romania, expects net loan volume to rise by 42% to 25 billion lei (EUR5.6 billion) this year, following the merger with Volksbank Romania. more

09.08.2015

The number of people who are more than 30 days behind on their payments on loans taken out from banks and non-bank financial institutions reached about 717,400 at the end of July, 9% higher than the more

09.02.2015

Individual customers took out 2.6 billion lei (EUR586 million) new leu-denominated loans in July, RON800 million more than in the year-ago month, while companies borrowed RON1.9 billion worth (EUR430 more

08.30.2015

The European Bank for Reconstruction and Development (EBRD) is considering a loan of up to RON109.5 million to retailer Profi, that will be used, inter alia, to support the company’s network more

08.27.2015

Romania will grant a non-reimbursable loan worth EUR100 million to the Republic of Moldova, Prime Minister Victor Ponta said Thursday, during an official visit to Chisinau. more

08.24.2015

Retail euro loans, which include both consumer and mortgage loans, have seen such a significant decline that banks are now selling EUR15 million worth of loans a month compared with EUR200 million in more

08.19.2015

The Romanian government has approved the agreement in principle on contracting financing facilities worth up to RON700 million from European Investment Bank (EIB) to partially cover the state more

08.19.2015

The largest independent cable TV provider in Romania, which operates via two companies – Digital Cable Systems (DCS) and AKTA Telecom, using the AKTA brand, has taken out a EUR10 million loan from more

08.12.2015

The banks participating to the First Home scheme have granted more than 150,000 government-secured loans worth 25 billion lei (EUR6 billion) to people looking to buy a home since 2009. more

08.07.2015

Local subsidiaries of Turkish Garanti group posted 75 million lei (EUR17 million) net profit in the first half, flat on the year-ago period, while operating revenue and risk costs went down. more

07.30.2015

New leu loans taken out by individuals and companies hit a record high of 5.4 billion lei (EUR1.22 billion) in June, 50% higher than in the year-ago month, and RON100 million higher than the previous more

07.21.2015

Boromir Prod Buzau (SPCU.RO) will decide in stockholders’ meeting September 9 on taking a 18 million lei loan from ING Bank for investments and on opening an overdraft line worth RON6.8 million for more

06.30.2015

Smithfield Romania borrowed $60 million from the International Finance Corporation (IFC) to restructure its debts and support the company's growth plans to expand its farms and processing facilities more

06.30.2015

The loan to deposit ratio, one of the indicators of the lending potential of the banking system, reached 93% at the end of May, the highest this year, driven by the resurgence of loan sales and the more

06.23.2015

European Bank for Reconstruction and Development is considering providing a loan of up to EUR15 million to Sibiu Municipality to finance key investments in the urban transport sector and related more

06.18.2015

Corporate lending recorded the highest non-performing loan ratio during the crisis, which peaked at 24% in the first half of 2014. Swiss franc and euro-denominated loans saw the highest NPL ratio of more

06.10.2015

Boosting the loan volume is not a goal in itself for banks, the important thing is the direction where the new lending is headed, which is showing the first signs that demand from customers is more

06.08.2015

Banks granted new loans worth over 15 billion lei (almost EUR3.5 billion) in January-April, more than three quarters of which leu denominated, according to central bank data. more

05.26.2015

Romania’s central bank governor said he wanted the country to borrow less from the International Monetary Fund back in 2009, but the 20 billion-euro bailout package provided enough cushion against more