“The agreement involves a revolving-overdraft ceiling product for financing working capital and current activity of Dendrio, in amount of RON5,000,000. The guarantees for this loan are general assignment of claims and mortgage on the accounts opened by Dendrio Solutions at ING Bank. The interest rate for using this product is ROBOR1M+2.2% per year,” Bittnet said in its report to the Bucharest Stock Exchange.
Bittnet has a market capitalization of RON125 million.
(English version by Loredana Fratila-Cristescu)