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

05.21.2015

Romania’s leading oil and gas producer OMV Petrom (SNP.RO) contracted a multi-currency credit line of 1 billion euros from a syndicate of 17 banks, the company said Thursday. more

05.13.2015

The state treasury will lend RON40 million from privatization proceeds to energy holding CE Hunedoara, to allow it to pay back state aid granted by previous governments, which the European Commission more

05.07.2015

Garanti Bank has granted three-year EUR6 million loan to General Concrete Land Development, which aims to complete its Sunflower Grand Apartments residential project in downtown Bucharest, the bank more

04.30.2015

The European Bank for Reconstruction and Development (EBRD) will discuss lending RON675 million (EUR152 million) to CEZ Distributie, owned by Czech utility group CEZ, for investments in its more

04.23.2015

KMG International (former Rompetrol Group) has contracted a multi-currency facility worth $360 million from lenders BCR, UniCredit Tiriac Bank, Raiffeisen and ING Bank to fund current operations of more

04.21.2015

Romanian oil and natural gas company OMV Petrom (SNP.RO) has started talks with local and international banks to refinance a credit line worth EUR930 million, contracted back in 2011, the company said 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

04.17.2015

Banks need to be more flexible with the small entrepreneurs and make loans cheaper, because they are two or three times more expensive than in other European countries Romania is in direct competition more

04.06.2015

The five largest local banks held 54% of the assets, loans and deposits of the banking system at the end of last year. more