Romania

Bank of Cyprus has announced that it has acquired a 9.7 percent stake in Banca Transilvania, the parent bank of Compania de Factoring,

Romania seems to be a one of the most attractive factoring markets in Europe at the moment, with a number of foreign factors expressing interest in the country, while local financiers have also been busy expanding their offering...

Joao Costa Pereira, First Vice President Head Mediterranean Factoring at FIMBank in Malta, talks to Factorscan about FIMBank s decision to enter the Romanian factoring market, the bank s relationship with their new partner Rom Factor and its long-term ambitions in the Mediterranean region.

Millennium Bank has launched a factoring service in Romania. The Portuguese bank,

FIMBank President Magrith Lutschg Emmenegger has spoken of the bank s plans to target Romania s fast developing factoring market.

The future growth of Romania s factoring industry was discussed at the Ziarul Financiar seminar on Tuesday, with figures for 2008 suggesting that Romania s factoring industry has the potential for a seven-fold growth, despite the industry s low penetration rate.

The European Investment Bank is providing two intermediated loans to support the projects of SMEs in Romania

Romania's fifth lender by assets Banca Transilvania injected funds to increase the share capital of Compania de Factoring IFN

The European Investment Bank is provide support to small and medium-sized enterprises in Romania

Several Romanian banks are in negotiations with the EIB to access loans intended for the country's ailing SME sector.