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The increasingly stronger position held by large foreign banks on central and eastern European markets, Romania included, tends to seriously hinder the development of small-and medium-sized enterprises (SMEs) in the respective countries. This is due to a reluctance displayed by...
#bank#banks#smes
France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…
#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…