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France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said Societe Generale, the sole bidder for the stake, agreed to pay Ђ43m for it and that it would also pay...
#acquisition#bank#investment
In the first nine months of 2004, BRD – Groupe Sociйtй Gйnйrale recorded a volume of Ђ80m from factoring operations,…
Finansbank Romania has obtained a Ђ15m syndicated loan arranged by Alpha Bank's London branch, The Bank of New York and…
#bank#business finance#exports
Commercial banks are set to cut interest rates on loans in the coming weeks. Yet, the cut will only be…
#bank#banks#interest rate
Small- and medium-sized enterprises (SMEs) acting in industry and services have been on the increase, unlike SMEs dealing in trade,…
#funding#international#smes
Romania's Export Import Bank, Eximbank SA, launches on September 1 the autumn campaigns designed to support exporting business operators. Facilities…
BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and…
Romania’s central bank (BNR) cut its key interest rate by 75 basis points yesterday, moving ahead with a gradual monetary…
#bank#banks#inflation
In the first five months of the year the volume of domestic factoring operations of BRD – Groupe Sociйtй Gйnйrale…
#bank#insolvency#management
“Factoring in Romania is still at an early stage: the beginnings go back only to 1995 when one of the…
Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and…
The Privatisation Authority's (APAPS) commission conducting the privatisation process of Banca Comerciala Romana has asked its legal consultant, Nestor&Nestor, to…
The Businessmen's Association of Romania (AOAR) warned Romanian companies that they would face very high costs resulting from the country's…
#funding#GDP#liquidity