LOANS
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Vasilescu, BNR: Decision Of Most Banks To Halt Lending Is Wrong
The decision made by most banks to halt lending citing various reasons is “wrong,” but the central bank is no ministry and therefore cannot tell banks whom they can or cannot finance, Adrian...
Volksbank Romania 8-Month Loans Rise 51% On Year
Volksbank Romania, the local unit of Austria’s Volksbank AG, Monday reported a 51% increase in its new loans to over EUR83 million in the first eight months of 2013.
Transgaz Mulls Bond Issues, New Loans To Finance Investments
Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) is considering launching a series of bond issues or taking out loans to finance its investments scheduled for the 2013-201...
KPMG Advises On Sale Of Non-Performing Loans Of Over EUR100M
Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Ro...
Teraplast Seeks RON15M Loan To Finance Activity
Romanian plastic systems maker Teraplast Bistrita (TRP.RO) wants to contract a loan of 15 million lei (EUR3.38 million) from Banca Transilvania to finance operations.
Isarescu Hopes For Cheaper Loans As Of September
Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September.
IMF Chief: Romania Must Become More Active In Guaranteeing Loans For SMEs
The Romanian government should become more involved in guaranteeing loans for small and medium-sized enterprises and for firms in sectors where risk is not as low as banks would like, Intern...
EBRD Lends EUR27.2M To Water And Sewage Companies in Two Romanian Counties
The European Bank for Reconstruction and Development (EBRD) will grant loans of EUR16.4 million and EUR10.8 million to the water and sewage companies in counties Bacau, eastern Romania, and...
Companies In Romania Borrowed EUR11B Directly From Foreign Banks
More than one thousand companies in Romania took out EUR11 billion loans directly from Austrian, German, French, Spanish and Italian banks by the end of March, according to central bank data...