Finansbank Romania will increase its loan resources for foreign trade and SMEs by Ђ10m from new subordinated and syndicated loans, according to the bank's vice president Omer Tetik.
"Finansbank Romania shareholders have mandated the board to start negotiations on a securing new subordinated and syndicated loans for the second half of the year.
Through a roll over operation, the loan obtained by the bank in October 2004 will be supplemented by Ђ10m," said Tetik.
In October 2004, the bank took a Ђ15m syndicated loan.
According to news agency Mediafax, the bank has a share capital of 600bn lei. Last year, it recorded a net profit of 134.9bn lei, while its total assets amounted to 7,930bn lei. Its territorial network includes 20 outlets.
Source: Bucharest Business week
