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Eastern Europe

Central bank lowers base rate beyond expectations

The Monetary Council of the Hungarian National Bank (MNB) cut its benchmark interest rate by 75 basis points to 8.25% yesterday. It was the ninth rate cut since the downward trend began in March 2003. The decision surprised most analysts,...

Ђ33m SME loan with Italian government approved

The Serbian government has authorised the National Bank of Serbia and Finance Ministry to sign an agreement with the Italian…


Ceska Sporitelna’s SME loans top CZK 20bn in 2004

In 2004, Ceska Sporitelna provided new loans for small- and medium-sized enterprises (SMEs) totaling CZK 20.2 bn. The overall portfolio…

#bank#investment#management


Raiffeisen Bank Polska doubles its annual profit and begins...

Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of PLZ.165.4 billion which is almost double the figure…

#bank#GDP#Raiffeisen


Romanian central bank decreases its key interest rate

Romanian central bank decreased its key interest rate by 72 basis points to 15.75 per cent p.a. Central bank reacted…

#bank#inflation#interest


ProCredit Bank gets Ђ10m credit line for SMEs

The European Bank for Reconstruction and Development (EBRD) will extend a Ђ10m euro credit line for funding small- and medium-sized…


EBRD supports SMEs with US$5m loan to Moldindconbank

Entrepreneurs across Moldova will gain more access to finance following a US$5m loan from the EBRD to Moldindconbank (MICB), one…


Bank tax will cost OTP Bank Ft 9.6 bn

OTP Bank Rt announced which special bank tax each of its subsidiaries will choose to pay this year. Under an…


Factoring Ceskй Sporitelny with turnover Kc22.5 bn became a...

Total turnover of Factoring Ceskй Sporitelny increased by almost 40 per cent last year and reached Kc22.5 bn., with a…


The Coface subsidiary in Austria, OKV Coface, has just...

Coface's Austrian subsidiary, OKV Coface has opened a credit insurance branch in Hungary -Coface Hungary. After successfully setting up operations…


EGAP is split, part of it assigned for sale

Export Guarantee and Insurance Corporation (EGAP) has founded a daughter company Commercial Credit Innsurance EGAP that will take over the…

#Commercial Credit#guarantee#guarantees


Zoltбn Bodnбr appointed as a new CEO of Eximbank

Zoltбn Bodnбr is the new CEO of state-owned foreign trade financer Hungarian Export-Import Bank Rt (Eximbank). Istvбn Csillag, the former…

#bank#economy#trade

Base interest rate drops

The base interest rate (BIR) valid as from February 1 to February 28, 2005, has been set at 1.89 per…

#Allianz#bank#banks

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