LOANS
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Raiffeisen Bank Launches factory GROW Program Enabling SMEs To Take Out Loans Up To EUR500,000
Raiffeisen Bank is launching factory GROW, a personalized business scaling model based on which entrepreneurs (small and medium-sized enterprises- SMEs) may obtain loans up to EUR500,000 in...
Banca Transilvania 1H/2022 Net Consolidated Profit Hits RON1.04B, Up 3% from 1H/2021
Banca Transilvania financial group ended the first half of this year with net consolidated profit of RON1.046 billion, 3% higher than in the same period of 2021, with the bank’s profit stand...
Alpha Bank Romania 1H/2022 Gross Profit Spikes 71% To EUR18.2M From Year-Earlier Period
Alpha Bank, among the ten largest banks by assets on the Romanian market, in the first half of this year posted EUR18.2 million gross profit, up 71.6% from the 1H/2021 level.
Agrinvest Credit IFN Seeks To Grant New Loans Worth Over RON45M In 2022
Agrinvest Credit IFN, a company specialized in financing the Romanian agricultural sector, on Monday said it plans to grant new loans worth over RON45 million in 2022 after the volume of loa...
Impact Developer Seeks To Raise Its Share Capital By RON166M
Shareholders of Impact Developer & Contractor (IMP.RO), one of Romania's largest residential developers, are expected to approve at their general meeting of June 9 a measure aimed at increas...
Banca Transilvania Operating Revenue Up 10% to RON4.3B, Net Profit Up 49% to RON1.7B in 2021
Banca Transilvania ended 2021 with operating revenue worth RON4.3 billion, up 10.4% and net profit of RON1.7 billion, 49% above the 2020 level.
Central Bank: IRCC Index For New Loans To Be Granted In 1Q/2022 Climbs To 1.17%
The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previ...
Banca Transilvania Profit Up 58% in First 9 Months of 2021, to RON1.7B vs Year-Earlier Period
Banca Transilvania (TLV.RO), Romania’s biggest lending institution, for the first nine months of this year reported consolidated net profit worth RON1.67 billion, against RON1.056 billion in...
OTP Profit Slides 65% to RON14M In Jan-Sept 2021 Vs. Year-Earlier Period
OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the...