Home / Tag Archives: IFC

Tag Archives: IFC

ECB sends letter to Fin Min Teodorovici, argues it hasn’t been consulted on GEO 114

The European Central Bank (ECB) has sent a letter Finance Minister Eugen Teodorovici, in order to stress that Romanian authorities should have consulted the bank before the adoption of Emergency ordinance 114/2018 regarding taxes on banking assets According to the ...

Read More »

EBRD, IFC officially complain about Romanian Gov’t plans on planned banking taxes

Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation (part of the World Bank), have officially complained to the Romanian Government about proposed new banking sector taxes, Reuters reports in an exclusive ...

Read More »

IFC and Garanti Bank Romania: New Report Shows Impact of Boosting Finance for Women Entrepreneurs

IFC, a member of the World Bank Group, and Garanti Bank Romania launched a joint report at the end of last week, highlighting the importance and impact of increasing access to finance for the country’s women entrepreneurs. “Taking Women Entrepreneurs ...

Read More »

Garanti Bank and IFC sign EUR 55 M-loan agreement to support SMEs and energy efficiency investments in Romania

Garanti Bank has signed a EUR 55 million loan agreement with the International Finance Corporation (IFC), member of World Bank Group, with the purpose of funding small and medium sized enterprises (SMEs) and sustainable energy efficiency projects, aiming to generate ...

Read More »

IFC invests EUR 120 M to support pioneering bond issuance by Banca Transilvania

IFC, a member of the World Bank Group, is investing EUR 120 million in subordinated bonds issued by Banca Transilvania (BT), Romania’s second-largest bank by assets, to strengthen its capital base and growth, and help deepen the country’s financial markets. ...

Read More »

Cristian Nacu – IFC Senior Country Officer for Romania and R. of Moldova

Cristian Nacu, the former owner of the Profi stores network, has taken over, from March 1, 2018 the position of Senior Country Officer for Romania and the Republic of Moldova of the International Finance Corporation (IFC), the World Bank’s investment ...

Read More »

UniCredit Leasing gets almost USD 40 M from IFC to support SMEs in Romania

IFC, a member of the World Bank Group, has provided a RON 150 million (approximately USD 38.5 million equivalent) loan to UniCredit Leasing Corporation to help finance small and medium enterprises (SMEs), so they can grow their businesses and generate ...

Read More »

Czech company APS Holding buys non-performing loans worth EUR 1.3bn

Czechs from APS Holding (APS) has announced the completion of the processes of buying and taking over of two packages of non-performing loans (NPL) in Romania worth EUR 1.33 billion, according to a company release. The first package was purchased ...

Read More »