CREDIT
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Provident Enters Credit Card Market In Romania
Provident Financial Romania, a company with nearly 200,000 active customers on the local market, is entering the credit card segment with the launch of ProviCard, the first such product in its portfolio. The card offers a revolving credit limit of up to RON10,...
EIB Lends BRD Sogelease IFN EUR100M to Expand Financing for Small Firms and Mid-Caps in Romania
The European Investment Bank (EIB) is lending €100 million to the leasing subsidiary of BRD Groupe Société Générale to increase financing for businesses across Romania. The EIB loan to BRD S...
MedLife Gets Shareholder Approval To Extend EUR228M Credit Limit By EUR50
The shareholders of private medical service provider MedLife (M.RO) on Friday approved during an Extraordinary General Meeting the authorization of the company’s Board of Directors to negoti...
Credit Card Purchases Up 20% In Romania In 2017
Romanians are using the credit cards for shopping more often, which drove the transactions and the number of credit cards up at a double-digit rate in 2017.
BRD-Groupe Société Générale And UniCredit Bank Grant Over EUR177M Loan To A&D Pharma
BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D Pharma, BRD said on Thursday.
Antibiotice Iasi Seeks RON30M Loan From UniCredit Bank
Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) has called a shareholders' meeting for August 11 to approve the contracting of a RON30 million (EUR6.7 million) loan from a UniCredit B...
BNR: Romania Private Lending Rises In May
Romanian private lending stopped its decline in May, rising 0.8% in real terms against the previous month, after a 0.3% decrease in April, central bank data showed Thursday.
Poland’s Getin Eyes Credit Portfolio Acquisition In Romania
Polish group Getin, who owns Romanian lender Idea Bank, is currently in talks on acquiring credit portfolios to support its development plans, the group's chief executive Piotr Kaczmarek tol...
Posta Romana Borrows RON100M From EximBank To Cover Cash Collection Debts
Romania’s state-run lender EximBank will grant a credit line of 100 million lei (EUR22.4 million) to postal operator Posta Romana, which will use the money to cover a part of its debts from...