ProCredit Bank

The European Investment Fund (EIF) has signed agreements with five banks to support Romania's small and medium-sized enterprises (SMEs). The series of uncapped direct guarantees totalling €1 billion is backed by the InvestEU Member State…

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Credit Europe Bank had the most deviations and breaches of banking regulations in 2017. For all these irregularities the financial institution was fined RON 20,000, following the Order of the First Deputy Governor of National Bank of…

The European Investment Bank (EIB) has approved more than EUR 13 billion worth of financing and advisory services for Romania since it started its operations in the country 25 years ago, as a press release informs. EIB Vice-President Andrew…

The Central Bank has further sanctioned two banks - Credit Europe Bank and ProCredit Bank, so that the number of credit institutions sanctioned this year has reached four. ProCredit has received a written warning (based on the Order of the…

The European Investment Fund (EIF), part of the European Investment Bank Group, has signed the first SME Initiative guarantee transactions in Romania, with Raiffeisen Bank, Banca Comerciala Romana (BCR) and ProCredit Bank, as a press…

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRa) at 'BBB-' with Stable Outlooks and Viability Ratings (VRs) at 'b+' for Romanian subsidiaries of Garanti Bank and ProCredit Bank, a press release informs. “Garanti…

As of April 21, Dr Antje Marielle Gerhold started her duties as new General Manager of ProCredit Bank, the only bank in Romania with 100 percent German shareholders, a press release informs. Thus, she joins Mariana Petkova, Deputy General…