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SMEs Can Get EUR50M From Banca Romaneasca To Fund Working Capital
Lender Banca Romaneasca has earmarked EUR50 million to fund small- and medium-sized enterprises (SMEs) and half of the financing is guaranteed by the state within the government-backed progr...
Alpha Bank: Romanian Banks Need Better Financial Discipline
Alpha Bank Romania’s chief said Wednesday bankers need stronger financial discipline principles so feasible customers are not passed over because of the “unhealthy” practices of some compani...
SMEs Can Get RON47.3M Loans From Volksbank To Fund Working Capital
Small- and medium-sized enterprises (SMEs) in Romania can get loans from Volksbank to finance their working capital, within a total maximum ceiling of RON47.3 million, with low guarantees, u...
BRD Gets Additional RON320M Guarantees For First Home Loan Program
Romanian lender BRD Groupe Societe Generale has received a new guarantee ceiling of RON320 million from the guarantee fund for SMEs and may grant a total RON640 million in mortgage loans und...
MPs Propose Foreign Currency Loans Conversion Free Of Charge
A group of MPs from several political parties, including Chamber of Deputies speaker, submitted a proposal according to which foreign currency loans could be converted into local currency or...
Kiwi Finance: Foreign Currency Loans With Interests Over 7% Should Be Refinanced
Bank clients paying interests of over 7% for old loans in foreign currency should consider refinancing in local currency, given the new costs on the market, as a difference of one percentage...
Italo Romena Bank Grants EUR6.7 M State-Guaranteed Loans To SMEs
Italo Romena Bank will grant SMEs loans worth maximum EUR6.7 million via the government program guaranteeing SME loans, to finance working capital.
SMEs Can Get RON520M From CEC Bank To Fund Working Capital
CEC Bank will benefit from state guarantees of up to RON260 million, allowing it to lend over RON520 million to small and medium-sized businesses seeking loans to fund their working capital,...
Businessmen: Stimulus Package For Low-Income Bank Debtors Unfair
Romania’s planned fiscal measures aimed to help low- and medium-income borrowers repay their bank loans will speed up the repayment pace, but the package is not fair toward other categories...