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KMG International Borrows $360M From Four Banks
KMG International (former Rompetrol Group) has contracted a multi-currency facility worth $360 million from lenders BCR, UniCredit Tiriac Bank, Raiffeisen and ING Bank to fund current operat...
OMV Petrom Mulls Refinancing EUR930M Loan Contracted In 2011
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 co...
Agricover Credit Borrows EUR22M From EximBank To Fund Agriculture
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-yea...
Entrepreneur: Small Companies Need Cheaper Loans
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 c...
Top Five Banks In Romania Hold Over 50% Of Assets, Loans And Deposits
The five largest local banks held 54% of the assets, loans and deposits of the banking system at the end of last year.
Agricover Credit Gets EUR10M Loan From International Investment Bank
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 worki...
Vest-Energo Wants To Borrow EUR17M For New Projects, Office Building
Romanian energy producer Vest Energo Bucharest plans to borrow EUR17 million to develop new cogeneration projects and to buy an office building in Bucharest.
GoodMills Romania Borrows EUR16M From BRD
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 pr...
EIB Grants EUR22.6M Loan To Oradea Municipality For Investments
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.