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Romania Approves Taking Out EUR1B Loan From World Bank
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.
Romania Seeks EUR1B Safety Net From World Bank
Romanian government Wednesday will approve taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said.
Greek ATE Bank Lends EUR24M To Romanian Unit
ATE Bank Romania Friday said it has borrowed EUR24 million from its mother bank, Greece’s ATE Bank, to increase its liquidity and solvency ratio.
Garanti Bank Borrows $15M From IFC
The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a $15 million credit line to Romanian Garanti Bank to extend its trade finance business.
Ciorcila, Banca Transilvania: We Have Always Had The Decision In Our Hands, That’s Why We Grew
Paradoxically, for lender Banca Transilvania, the crisis has become the best opportunity for growth on the banking market, while the other entities have pulled back from the lending market d...
Vulcan To Borrow Up To RON200M For Investments
Romanian steam generator maker Vulcan Bucuresti (VULC.RO) plans to borrow up to 200 million lei (EUR45 million) from lender BCR to finance investments and refinance existing debt, the compan...
Agricover Credit Borrows EUR12.5M From IFC To Finance Farmers
Romanian Agricover Credit IFN, part of agribusiness group Agricover, Wednesday said it will borrow EUR12.5 million from World Bank’s private financing arm IFC for on-lending to qualified sma...
Avicola Crevedia Seeks EUR62.3M Loan For Investments
Romanian poultry processor Avicola Crevedia (AVRE.RO) will borrow 62.3 million lei (EUR14.2 million) from CEC Bank to finance investment and refinance previous debt, the company said in a st...
Rovinari Seeks RON143M Loan For Upgrades
Romanian state-run thermal power producer Rovinari plans to borrow 143 million lei (EUR32.7 million) to upgrade its production units, the company said in a statement Monday.