LOANS
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SME Guarantee Fund Available to Take Over Loan Risks
Romania's national guarantee fund for SMEs said Tuesday it may support businesses and the financial sector by partially raking over loan risks and thus easing access to financing at advantag...
Banca Transilvania Grants Some 2,600 Bridge Loans, Worth Nearly RON500M, Within Start-Up Nation Program
Romanian lender Banca Transilvania (TLV.RO) has funded 5,500 projects, out of 10,000 projects included in the Start-Up Nation project, with the bulk of businesses being located in Bistrita-N...
Agricover Credit Net Profit Grows 21% YoY To RON40M In 2019
Agricover Credit IFN, the financing arm of Agricover group, controlled by Iranian businessman Jabbar Kanani and the EBRD, on Tuesday said it ended 2019 with a net profit of RON40.1 million,...
BCR Posts RON593.2M Net Profit in 2019, Down 50%, Loan Portfolio Up 10%
Romanian lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Friday reported a net profit of RON593.2 million (EUR125 million) for 2019, and 10% growth in its loan portf...
Kiwi Finance Brokered Loans Of RON950M In 2019, Up 30% YoY
Kiwi Finance ended 2019 with a turnover of RON21 million, up 27% on the year, and volume of brokered loans of RON950 million, up 30% on the year.
Bogdan Neacsu: CEC Bank Granted RON3B Loans Since Start Of 2019; Eyes Top 5 Spot Among Largest Banks In Romania
CEC Bank, one of the two banks held by the Romanian state, has granted loans worth approximately RON3 billion so far in 2019 and aims to be ranked among the top five largest banks in Romania...
OTP Bank Romania Doubles Financing for Agriculture in 2018
OTP Bank Romania posted 112% growth in the volume of financing it granted to the agriculture sector in 2018, driven by high demand for pre-financing of agriculture subsidies and loans for in...
Rodbun Contracts RON262M Credit Facility To Refinance Loans, Buy Grain Processing And Storage Base
Agribusiness group Rodbun, held by Romanian entrepreneurs Daniel Muntean and Alexandru Iancu, has contracted a syndicated loan of RON262 million from Banca Comerciala Romana, Raiffeisen Bank...
CEC Bank To Grant Extra Loans Of RON30–35B After Getting RON940M Capital Injection From State
The Romanian state’s capital injection of RON940 million, from the state budget, into lender CEC Bank, will enable the latter to grant additional loans of RON30 – 35 billion, said Laurentiu...