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

04.02.2015

BCR, the largest bank in Romania, is getting ready to sell non-performing loans of EUR1 billion to EUR1.5 billion, the highest amount so far, a move that is bound to draw a lot of attention. 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

03.31.2015

Romanian energy producer Vest Energo Bucharest plans to borrow EUR17 million to develop new cogeneration projects and to buy an office building in Bucharest. more

03.30.2015

Romanian milling and bakery company GoodMills Romania (former Titan) will borrow EUR16 million from lender BRD - Groupe Societe Generale and estimates a 4.7% turnover growth and operating profit for more

03.25.2015

The European Investment Bank (EIB) granted a loan of EUR22.6 million to the municipality of Oradea to support investments related to the local road network and tourism. more

03.18.2015

Bancpost has granted the Timisoara Airport a line of credit of EUR2 million for a three-year period, to finance working capital, the bank said Wednesday. more

03.13.2015

Loans granted directly by shareholders or partners to companies – common practice especially with small and medium-sized businesses, as well as with foreign-held companies, rose during the crisis to more

03.12.2015

The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit. more

03.12.2015

Energomontaj, a company specializing in installation and maintenance services for power plants, got a syndicated RON145 million loan from a BRD-led corsortium including insurers Allianz Tiriac 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

02.23.2015

Pharmaceutical distributor Polisano, owned by the Vonica family in Sibiu, has signed a new financing agreement for EUR15 million with BRD Societe Generale and is negotiation another EUR15 million more

02.18.2015

Rompetrol Rafinare (RRC.RO), Rompetrol Downstream, KazMunayGas Trading AG and KMG Rompetrol, units of oil group KMG International, plan to contract a $390 million loan from lenders BCR, UniCredit more

02.09.2015

Romanian government will assign this year RON350 million (EUR79.36 million) as guarantees for car loan program "First Car", according to a draft decision which also stipulates that other banks and more

02.02.2015

The consumer lending growth that had restarted last summer stopped at the end of the year again, so new sales in November and December did not offset loan repayment and written off non-performing more

01.23.2015

Local natural gas distributor Congaz Constanta will pay back a loan it took in 2013 from UniCredit and will take a loan of up to RON45 million from its majority shareholder, GDF SUEZ Energy Romania. more

01.21.2015

A delegation of the International Monetary Fund will arrive in Romania next week to review the country’s progress under a EUR2 billion precautionary agreement signed in September 2013. more

01.16.2015

Swiss National Bank's move to remove the cap on the Swiss franc conversion rates sent the currency soaring against the euro, while in Romania it went from 3.7 lei to 4.3 lei in a matter of hours. more

01.15.2015

The European Bank for Reconstruction and Development (EBRD) has granted a loan of 132 million lei (EUR30 million) to Romanian leasing company Raiffeisen Leasing, a subsidiary of Austrian Raiffeisen more

01.14.2015

Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the year. This more

01.09.2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk more

01.08.2015

Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend will more