LOANS
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ProCredit Bank Lent Over EUR20M To SMEs Via JEREMIE Program
Romanian lender ProCredit Bank granted loans of over EUR20 million to small- and medium-sized enterprises (SMEs) through the Joint European Resources for Micro to Medium Enterprises (JEREMIE...
Government Discusses Bill Regarding Conversion Of Foreign Currency Loans Into Lei
Romania’s government on Wednesday discussed a bill regarding the conversion of foreign currency-denominated loans into leu-denominated loans.
SME Loan Guarantee Fund: Value of Payments Requested By Banks For NPLs Rose 45% In 2014
The value of payment requests submitted by banks to Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) for non-performing loans (NPLs) rose 45% in 2014, the fu...
Romanian Paint Producer: Banks Have Tough Conditions For Loans Aimed At Renovation And New Constructions
The major problem of Romania’s paint market is the lack of consumption as the construction field has not managed to completely regain health after the crisis, says Marinica Potop, general ma...
Provident Loans In Romania And Bulgaria Up 8% To EUR132.7M In 2014
Consumer lender Provident Financial, part of British group International Personal Finance (IPF), Wednesday said it granted loans worth EUR132.7 million in Romania and Bulgaria in 2014, up 8%...
Banca Transilvania Targets 8% Growth In SME Lending This Year
Banca Transilvania (TLV.RO) targets an increase of 8% in loans granted to small and medium-sized businesses, to RON10.8 billion, from RON6.83 billion last year.
NPL Rate Seen Dropping To 10% In 2016, From 14% In 2014
The non-performing loan rate could drop to 10% next year if last year's pace is maintained, Florin Danescu, executive president of the Romanian banking association ARB said Thursday.
CEC Bank Can Give Loans Of RON735M This Year Under First Home Program
CEC Bank will be able to grant loans totaling RON735 million this year under the state guaranteed mortgage lending First Home program, the bank said in a statement Thursday.
Swiss Franc Loan Conversion Would Cause RON5.7B Loss - Central Banker
Converting Swiss franc loans into lei at the historical exchange rate would generate a loss of RON5.7 billion, or 0.8% of GDP, for banks that granted such loans, and a 20% addition, as reque...