Romania

Through its first rural facility in Romania, the EBRD is lending Casa de Economii si Consemnatiuni SA (CEC), EUR10m to promote private-sector growth in rural areas, including the development of micro, small- and medium-sized enterprises lending across the country.

Facility to help promote private-sector growth in Romania. In its first factor finance project across its 29 countries of operations, the EBRD is lending Compania de Factoring (CdF), the first factoring company in Romania, 6.5 million...

Companies that provide financial services from the European Union continue to notify the NBR (National Bank of Romania) of their intention to provide services directly on the Romanian market on the strength of the financial European passport

Credit Europe Bank, the former Finansbank, intends to attract 6,000 clients this year on the segment of small and medium-sized enterprises (SMEs) and by opening six regional centres for SMEs.

BRD Societe Generale last year registered turnover from factoring operations of approx EUR328m, 152 per cent up on 2005, the

Mihaela Dimitriu, Director Factoring Division, BRD - Groupe Societe Generale SA on the prospects for Romanian factoring activity this year and next

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

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

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

BRD Group's factoring department achieved a sales turnover of euros 243m in the ten months to 31 October 2006, on track for its whole-year target