Home / BUSINESS / FINANCIAL / BANKS (page 5)

BANKS

EBRD grants EUR 100 M for the energy efficiency in Romania’s residential sector

EBRD

EBRD is launching the EUR100 million Green Economy Financing Facility (GEFF) for supporting Romanian households to save energy and money. The framework is designed to help Romanian households invest in energy efficiency, renewable energy and water-saving solutions. It is the ...

Read More »

EximBank grants almost RON 16 M to Dutch Prolyte Group to expand its business in Romania

Prolyte

EximBank is financing with RON 15.7 million Prolyte Products, part of Prolyte Group Netherlands, specialized in manufacturing light aluminum structures for public events, for building a new production facility of the company in Piatra-Olt, Olt County. The second production facility, ...

Read More »

RON-denominated household and corporate deposits up by 10pc in May y.o.y.

bnr reserves

The deposits of non-government resident customers went up 0.9 percent month on month to RON 279,523.8 million in May 2017. RON-denominated household deposits decreased by RON 47.6 million to RON 106,125.9 million. At end-May 2017, household deposits in domestic currency ...

Read More »

Patria Bank (ex- Carpatica) plans to reduce its share capital by 40 pc

patria-bank

Former Banca Comerciala Carpatica (BCC), which became Patria Bank as of May 1 following a merger, wants to reduce its share capital by 40 percent to RON 227.12 million, according to an announcement sent to the Bucharest Stock Exchange (BVB). ...

Read More »

Five Romanian banks to grant EUR 400 M financing for SMEs

SME Initiative

Five local banks – Raiffeisen Bank, ProCredit Bank Romania, Banca Comerciala Romana, Banca Transilvania and BancPost – are now part of the SME Initiative in Romania, to provide new financing for Small and Medium enterprises (SMEs) across the country, a ...

Read More »

BNR-EIB survey: Political and regulatory climate, the main short-term barrier to implementing investment

BNR-EIB survey

Romania still needs strong investment. Over the last three years, the investment was the right amount, only 12 percent of firms being finance constrained. However, the investment outlook in Romania is mixed. Political and regulatory climate is the main short-term ...

Read More »

Anca Rarau becomes Advisor to the BCR’s President

anca rarau

As of this July, Anca Rarau, currently BCR’s Marketing Director, will take over an Advisor position to President of BCR, Sergiu Manea, a press release informs on Monday. Along with this decision, on her request, Anca Rarau will relocate to ...

Read More »

A&D Pharma gets a ‘club loan’ of EUR 177 M

A&D Pharma

A&D Pharma, the largest pharmaceutical group in Romania, contracted a syndicated loan of over EUR 177 million from BRD-Groupe Societe Generale and UniCredit Bank, a press release informs. The funding is a ‘club loan’ and is granted for a period ...

Read More »

FDI – up to EUR 1.3 bn; current account deficit posts an increase of 56 pc in Q1

FDI

Foreign direct investment (FDI) in Romania totalled EUR 1,305 million (compared with EUR 1,054 million in January – April 2016), of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,507 million and intercompany lending recorded a net negative ...

Read More »