LOANS
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Provident Loans In Romania And Bulgaria Up 26% In 1H, To EUR68.4M
Consumer lender Provident Financial Romania gave loans of EUR68.4 million in the first half of the year in Romania and Bulgaria, 26% higher on the year, the company said Wednesday.
Over 11,000 Guarantees Granted Under First Home Program In 1H 2014
Romania's national guarantee fund for SMEs has granted over 11,000 guarantees under the government-backed mortgage lending First Home program in the first half of the year.
Olteanu: Lending Activity Set To Pick Up; Banks Need Profits
Romanian central bank deputy governor Bogdan Olteanu said Tuesday that lending activity should start to recover as banks need to replenish their reserves following a balance-sheet cleanup an...
UniCredit Tiriac: Loans Pick Up Slowly, But Demand For Investment Capital Falters
Lending activity is slowly picking up, but demand remains weak, particularly in the heavy industry sector, said Rasvan Radu, chief executive of UniCredit Tiriac Bank.
Ceramica Iasi Considers Taking A Loan Of Up To EUR12M
Shareholders of Romanian brick manufacturer Ceramica Iasi (CERE.RO) will look into a proposition to mortgage the company’s assets for a bnak loan of up to EUR12 million.
Prospectiuni To Refinance EUR12M Loan, Take New Loans
Oil and gas geophysical surveyor Prospectiuni (PRSN.RO) plans to refinance EUR11.9 million loans from BCR and contract additional loans worth EUR 2 million and RON13.5 million.
Loan-To-Deposit Ratio Down To 102% In March
Loans were only 2% higher than the deposits of consumers and companies at the end of March, so banks are close to balance the loan to deposit ratio, meaning the lending will be funded entire...
Ponta Says Loan Restructuring Will Be Optional For Banks And Individuals
Romanian Prime Minister Victor Ponta said Thursday that loan restructuring will be optional for both banks and individuals and the measure will probably be applied starting July 1, 2014.
Hidroelectrica Closes RON120M Credit Line From Banca Transilvania
Romanian insolvent power producer Hidroelectrica has closed a RON120 million short-term credit line from Banca Transilvania, which was due on April 11, 2014, the company said in a press rele...