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Swiss National Bank Decision Deals Staggering Blow To Romanian Swiss Franc Loan Holders
Swiss National Bank's move to remove the cap on the Swiss franc conversion rates sent the currency soaring against the euro, while in Romania it went from 3.7 lei to 4.3 lei in a matter of h...
EBRD Grants RON132M Loan To Raiffeisen Leasing To Support MSMEs
The European Bank for Reconstruction and Development (EBRD) has granted a loan of 132 million lei (EUR30 million) to Romanian leasing company Raiffeisen Leasing, a subsidiary of Austrian Rai...
Banks Getting Ready To Grant A Record 30,000 First Home Loans In 2015
Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the y...
Romanian Banks Get Closer To Mature Western Markets’ Model
In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of intere...
Key Rate Cut May Push Leu Loan Interests To Less Than 5%
Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend...
Agricover Gets EUR7M From EFSE To Fund Farmers
The European Fund for Southeast Europe (EFSE) is extending its partnership with Agricover Credit IFN SA with a loan of EUR7 million the financial institution will use to finance farmers, EFS...
Brassai, Ford: Money’s Cheap In Europe Now, Romania Should Start Funding Car Purchases
The local auto market needs its potential customers to be able to get funding in order to grow the sales volumes towards the 2007-2008 level of more than 300,000 vehicles.
Banking System After Six Years Of Crisis
Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low.
EBRD Lends Turkey's ETI EUR23M For Romanian Confectionery Factory
The European Bank for Reconstruction and Development (EBRD) is providing a EUR23 million loan for the expansion of Turkey’s leading confectionery producer ETİ into Romania, EBRD said Thursda...