07.28.2014

The stock of loans banks granted to those looking to buy a home stood at more than 5.9 billion lei (EUR1.34 billion) in mid this year, almost three times higher than in the year-ago period, according more

07.24.2014

Bank lending fell by almost 4% year-on-year in June, double as much as in May, due to the worsening decline in foreign currency loans and the slowdown of the growth of leu financing. more

07.21.2014

The European Investment Bank is lending EUR30 million to Romanian BCR Leasing to support the undertakings of small and medium-sized enterprises (SMEs), midcap companies and public entities in the more

07.21.2014

Gorj and Iasi lead by far in the ranking of Romania’s counties with the highest level of retail and corporate loans against the sums in current accounts and deposits set up with banks. The more

07.11.2014

Romanian businessman Florin Pogonaru wants to borrow EUR35 million to finance the building of a shopping center in Bucharest via his real estate firms Prodplast Imobiliare, whose share capital will be more

07.07.2014

Shareholders of construction materials producer Soceram approved the contracting of a loan up to EUR20 million and the accessing of non-reimbursable funds via programs specific to the company’s more

07.03.2014

Financial leasing company Garanti Leasing on Thursday said it took out a loan of EUR7 million from the European Fund for Southeast Europe (EFSE) to finance fixed assets on the segment of small and more

07.01.2014

Romanian insolvent power producer Hidroelectrica has closed a EUR75 million credit line granted by Citibank International in 2009 and plans to pay back loans of EUR39 million by the end of the year. more

06.30.2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more

06.26.2014

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) will extend by one year its 60 million lei (some EUR13 million) credit line signed with EximBank in July 2013, according to a shareholders’ more

06.23.2014

Demand for funding from Romanian farmers has gone through the roof, says Robert Rekkers, the general manager of Agricover IFN, the finance unit of the agribusiness group by the same name. more

06.20.2014

Czech group Solek, developer of green energy projects, has drawn over EUR6.1 million from Garanti Bank and OTP Bank to refinance several solar parks with a total installed power capacity of 8.58 MW. more

06.17.2014

Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a more

06.17.2014

Garanti Bank granted a EUR4 million loan to FF Group Romania (former Elmec Romania), for a real estate project downtown Bucharest, an investment worth approximately EUR5 million. more

06.16.2014

The International Finance Corporation, the private sector lending arm of the World Bank Group, approved a EUR35 million loan to Garanti Bank Romania to help finance the country’s small and medium more

06.12.2014

The European Investment Bank will extend a EUR60 million financing line to Romania’s UniCredit Tiriac Bank, said Mihai Tanasescu, EIB Vice-President responsible for lending operations in Romania. more

06.10.2014

Shareholders of Unirea Shopping Center (SCDM.RO) decided to take a loan between EUR40 million and EUR45 million for investments in the two shopping centers it owns in Bucharest and Brasov, compared 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

05.28.2014

The stock of leu loans banks granted to home buyers stood at more than 4.9 billion lei (EUR1.1 billion) at the end of April, up about half a billion lei on the previous month, according to central more

05.23.2014

The Board of Directors of the World Bank Group has approved a EUR750 million budget support loan (DPL) for Romania, which targets the modernization of public expenditures and improvement in the more

05.21.2014

Romanian chemical fertilizer maker Azomures has borrowed EUR66 million from Czech banks Ceska Sporitelna and Ceskoslovenska obchodni banka to upgrade its urea melt plant, the company said in a more

05.15.2014

Foreign markets no longer see Romania as a high risk investment, so the credit default swap level has stabilized at about 150 basis points in the past week after five years of crisis when Romania’s more

05.09.2014

Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial seminar more

05.09.2014

The International Finance Corporation, the private sector arm of the World Bank Group, will provide a $40 million subordinated loan to Romanian lender Banca Transilvania (TLV.RO) to strengthen the more

05.08.2014

Garanti Leasing has signed a five-year loan agreement for EUR7.5 million with Black Sea Trade and Development Bank (BSTDB), which it plans to use to continue lending to small and medium-sized more