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Romania

UniCredit Tiriac releases 2012 factoring volumes

UniCredit Tiriac Bank s volume of factoring operations amounted to some EUR 796 million in 2012, similar to the level in 2011. (more…)

ARF: Romania’s factoring market worth nearly EUR 3bn in...

Romania's factoring market has seen significant growth, increasing by 12.8 per cent year-on-year in 2012 to reach a new record…


Romanian factor posts 45pc annual growth

Banca Comerciala Rom na sees massive rise in factoring business in 2012. (more…)

#bank#non-recourse factoring#recourse factoring


IFC and Banca Transilvania make more funds available for...

The International Finance Corporation and Banca Transilvania are expanding their partnership by increasing financing available for small importers and exporters…

#bank#exporters#guarantees


IFC and Garanti Bank expand trade finance availability for...

The International Finance Corporation (IFC) and Garanti Bank are joining forces to expand the availability of trade finance for importers…


ARF: Romanian factoring volume grew 43 per cent in...

The Romanian factoring market increased by 43 per cent in 2011, reaching a volume of almost EUR 2.6 billion, according…


IFC boosts finance for SMEs and women entrepreneurs

The International Finance Corporation (IFC) has provided a 22.5 million euro loan to Garanti Bank Romania to help finance SMEs…

#bank#financial services#international


EIF grants loan guarantees to Unicredit

The European Investment Fund (EIF) and UniCredit Tiriac Bank S.A. have signed a guarantee agreement under the Joint European Resources…

#bank#EIF#guarantees


ECJ: VAT waived for banks selling non-performing loans

Banks will no longer have to pay VAT when selling non-performing loans to other entities, such as foreign subsidiaries, other…


EBRD launches Ђ60m energy efficiency facility for SMEs in...

The European Bank of Reconstruction and Development (EBRD) has launched a 60 million programme for SMEs in Romania to improve…

#bank#banks#funding


Romania unveils new SME funding programme

The Mihail Kogalniceanu programme, which allows for the state to directly support SMEs based on the development and support of…

#exports#funding#guarantees


The Romanian Factoring Industry

Alecsandra Valasuteanu, Head of Factoring, UniCredit Tiriac Bank S.A. provides an overview of the Romanian factoring market, covering industry environment,…

Romanian credit insurance market divided between three companies

Romanian Specialty Review Insurance Profile has issued preliminary results of the credit insurance industry for 2010, finding that three companies…

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