IFC

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…

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…

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…

Garanti Bank and Garanti Leasing, part of Garanti Romania, have signed two lending agreements with IFC, a member of World Bank Group, amounting to EUR 32 million, with the purpose of financing Romanian small and medium sized businesses…

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…

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…

IFC, a member of the World Bank Group, and Kruk, a firm specialized in debt recovery in Central and Eastern Europe, have acquired a portfolio of bad loans from Bancpost and other subsidiaries of the Eurobank Group in Romania, with a total…

CNADNR has announced on Thursday the official cancellation of the procedure for awarding the concession for the construction Comarnic-Brasov motorway segment, due to problems regarding financing. Subsequently, 10 km from this section will…

This is the first grant of the WB member to a local financial institution. Garanti Leasing, part of financial group Garanti Romania, receives a EUR 4 million from International Finance Corporation (IFC), member of World Bank Group, to…