Finansbank Romania has obtained a Ђ15m syndicated loan arranged by Alpha Bank's London branch, The Bank of New York and Wachovia Bank National Association and subscribed to by nine international financial institutions.
Commercial banks are set to cut interest rates on loans in the coming weeks. Yet, the cut will only be operated on Romanian Lei (ROL) loans. Another cut in interests is being prepared for deposits.
Small- and medium-sized enterprises (SMEs) acting in industry and services have been on the increase, unlike SMEs dealing in trade, said the representatives of the National Agency for SMEs and Craft Industries (ANIMMC).
Romania's Export Import Bank, Eximbank SA, launches on September 1 the autumn campaigns designed to support exporting business operators.
BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and hard currency denominated loans, requesting guarantees worth 70 per cent of the principal and interest rate in
Romania’s central bank (BNR) cut its key interest rate by 75 basis points yesterday, moving ahead with a gradual monetary easing to reflect slowing inflation.
In the first five months of the year the volume of domestic factoring operations of BRD – Groupe Sociйtй Gйnйrale exceeded Ђ12 million, the bank announced.
“Factoring in Romania is still at an early stage: the beginnings go back only to 1995 when one of the important Romanian banks started offering ‘two factors business’ targeted at Romanian exporters…”
Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and medium-sized enterprises (SMEs).
The Privatisation Authority's (APAPS) commission conducting the privatisation process of Banca Comerciala Romana has asked its legal consultant, Nestor&Nestor, to identify whether an eight per cent package in Banca Comerciala Romana could be sold
