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Alpha Bank Loses Patience With Two More Customers
Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitio...
Banca Transilvania Borrows $15M From IFC To Finance SMEs
The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a $15 million credit line to Romanian Banca Transilvania (TLV.RO) for onlending to micro...
BNR Wants Stricter Foreign-Currency Lending Rules
Romania’s central bank will implement stricter rules regarding foreign-currency lending, and prospective borrowers must prove they can put up with severe shocks to the exchange rate.
IMF Approves EUR513M Disbursement To Romania, Cites Good Progress
The International Monetary Fund has completed the sixth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a new EUR51...
Debt Collectors Eye Mortgage Loans, Can’t Reach Agreement with Banks
Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are...
Consumer Loans Down, Sales Of Mortgage Loans And Credit Cards Up
Demand for loans from individual customers has shrunk this year as customers only sought mortgage loans and credit cards, while consumer loans remained in negative territory.
Czech PPF Bank Finances Construction Of Office Tower In Bucharest
Czech PPF Bank lent EUR39 million to Czech-based S Group Holding to develop an office tower in Romania's capital city, Bucharest.
UniCredit Tiriac Bank Could Get EUR150M In EIB Money
The European Investment Bank is considering extending a financing line of up to EUR150 million to Romanian UniCredit Tiriac Bank for on-lending to small- and medium-sized enterprises.
Romania, World Bank Sign EUR1B Loan Agreement
Romania’s Finance Ministry and the World Bank signed Wednesday the EUR1 billion loan agreement between the Eastern European country and the International Bank for Reconstruction and Developm...