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Chimpex Borrows EUR27M From BCR
Romanian port operator Chimpex Constanta has signed a EUR27 million loan agreement with BCR, a unit of Austria’s Erste Group Bank, to build a new grain terminal at the Black Sea.
Romanian Banking Association: Don’t Ask Why Banks No Longer Grant Loans And Costs Are Up
Lending terms will become tighter and costs will increase following the enactment of the debt discharge law, and those willing to take out a loan in the future have to know what caused the w...
MedLife Borrows EUR56M From Four Banks For Acquisitions, Investments
Medlife, the biggest private healthcare provider in Romania, will contract a EUR56 million loan from a group of four banks, for acquisitions in the next 18 months, as well as for a new inves...
Alro Secures $137M Credit Line from Raiffeisen-Led Consortium
Romanian aluminum smelter Alro Slatina (ALR.RO) has secured a syndicated $137 million loan from a consortium led by Raiffeisen Bank International and Raiffeisen Bank Romania.
Consumer Loans Up 11% In 2015
Leu-denominated consumer loans granted by banks reached 33 billion lei (EUR7.3 billion) at the end of last year, an increase of almost 11% on 2014, according to Romania’s central bank data....
Alro Borrows $60M From Black Sea Trade and Development Bank
Romanian aluminum smelter Alro Slatina (ALR.RO) has concluded a $60 million loan agreement with the Black Sea Trade and Development Bank, aimed at continuing its investment program this year...
Romania Starts 2016 With Lowest Leu Loan Cost Ever
The year 2016 came with a first for the post-communist interbank market in Romania: the three-month ROBOR, used as a reference for the cost of leu loans fell to the all-time low of 0.98% per...
Banca Transilvania Borrows EUR75M From EIB To Finance SMEs And Public Institutions
Romanian lender Banca Transilvania has received financing of EUR75 million from the European Investment Bank (EIB), the second tranche of a loan of EUR150 million, which will be used to fina...
Leu Loans Account For 75% Of New Loans In Jan-Oct
Banks granted 53.5 billion lei (EUR11.9 billion) worth of new leu, euro and US dollar-denominated loans to consumers and companies in the first ten months of the year. New leu-denominated lo...