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Romania

Banks pump hundreds of millions of euros into SMEs

As the market of funding for the SME client segment took off in 2006, several players in the system introduced lending products specifically designed for SMEs, which are based on (more…)

#bank#banks#funding

EBRD grants EUR200m to BRD for onlending

Romanian bank BRD-Groupe Societe Generale and the European Bank for Reconstruction and Development (EBRD) signed an agreement (more…)


BCR Leasing to start factoring services

BCR Leasing received its shareholders' approval to expand its business by including such operations as factoring, discounting and forfeiting services…


BRD sales turnover tops EUR240m in first 10 months

BRD Group's factoring department achieved a sales turnover of euros 243m in the ten months to 31 October 2006, on…


Factoring growth will come from SME demand, says Lublinski...

Romania's factoring industry holds significant growth potential as we enter the final weeks of 2006, according to Ryszard Lublinski, general…


ING Commercial Finance confirms GM role

ING Commercial Finance (ING CF) Romania has confirmed factoring veteran Ryszard Lublinski as the business unit's new (more…)


ProCredit Bank receives syndicated loan for SMEs support

ProCredit Bank and Citibank Romania signed an agreement regarding a syndicated loan with a five-year maturity, to use in financing…

#bank#investment#smes


ABN AMRO Romania focusses on SMEs

ABN AMRO Romania intends to remain a niche bank, focusing on the small- and medium-sized enterprises (SME) sector and takes…


Compania de Factoring eyes turnover growth in 3 years

Compania de Factoring, a company specialised in funding receivables, intends to achieve a turnover worth over euros 550m in the…

#bank#Commerzbank#funding


BRD factoring operations to September up 45pc

BRD Groupe Société Générale reported for the first nine months of the year a total volume of factoring operations 45…

#bank


New players help factoring market up to E1bn

ING Commercial Finance, the specialised factoring service division of the ING Group, will mainly target small entrepreneurs and focus on…


Credit still too expensive, says SME agency

Small- and medium-sized enterprises (SMEs) have easier access to credit but the cost of loans is still high, said the…

#bank#interest rates#security

Intermarket takes 50% hold in Compania de Factoring

Intermarket Bank, the Austrian finance provider, has secured a 50 per cent share in Romania's (more…)

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