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Romania

Government extends loan guarantees

Romanian government approves loan guarantee extension as the needs of SMEs expand (more…)

Factoring in the Balkans – Romania

Mihaela Dimitriu, Director of BRD Groupe Societe Generale, examines the state and development of the Romanian factoring industry. (more…)


Compania de Factoring seeks to borrow EUR10m to fund...

Compania de Factoring plans to borrow €10m in the first quarter of 2009 to finance contracts agreed with SMEs (more…)

#bank#banks#funding


Banca Transilvania’s net profit soared 32% in 2008

Banca Transilvania, parent company of Compania de Factoring - Romania s largest factoring company, is expected to announce a 32 percent…

#bank#banks#financial institutions


Government consider EUR1bn SME support package

Establishing a fund worth EUR1bn to support SMEs is one of the main measures being considered by the Finance Ministry to counter…

#bank#guarantee#smes


EBRD supports Romanian small businesses

In a response to the severe impact of the global economic slowdown, the EBRD is stepping up its support for SMEs…

#bank#funding#small businesses


Romanian factors face uncertain future

The factoring market recorded a positive evolution this year, with y-o-y growth of 40%, however the negative influences of the…

#bank#management#recession


Credit insurance up 50% in October

Demand for trade credit insurance rose by 50% in October (more…)

#Allianz#bank#insolvency


More expensive credits to lead to expanded factoring services

More expensive credits and companies limited access to banking loans will lead to a 30% advance of the factoring market…


Capital increases of EUR320m in financial sector in 7...

Financial sector companies increased their capital by more than EUR320m in the first seven months of the year, according to…


BRD doubles its factoring business in H1

Banca Romana de Dezvoltare (BRD), Romania's second-largest bank in terms of assets, had factoring operations worth RON 1.1bn (€300m) in the…

#bank#ING#international


Eximbank Romania opens second unit in Buzau

Eximbank Romania will open its second unit in the southeastern city of Buzau, the bank said. (more…)

#bank#exporters#exports

EBRD grants EUR40m loan to SMEs

The European Bank for Reconstruction and Development (EBRD) will grant a €40m loan to Romanian SMEs for the modernization of…

#bank#smes

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