The European Bank for Reconstruction and Development (EBRD) board has approved the memorandum of understanding (MOU) on the joint takeover with the International Finance Corporation (IFC) of a 25% stake in Romania’s largest state-run commercial ba
The Euler Hermes Group has decided to offer credit insurance services in Romania in cooperation with Allianz-Tiriac insurance company in a move to expand its activity in south eastern Europe and to be present in a country with high economic growth
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have released Ђ5m to Microfinance Bank MIRO, a private Romanian bank, to support small and medium-sized enterprises (SMEs) in the country.
The European Bank for Reconstruction and Development (EBRD) has granted a Ђ10 million loan facility to the Alpha Bank Romania (ABR) to finance small- and medium-sized enterprises’ (SMEs) activity.
The privatisation process of Romania’s largest commercial bank Banca Comerciala Romana will be completed by 2006 once the government has found a strong strategic investor for it, an official with the privatisation agency, APAPS, said.
European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have prepared a restructuring plan for the state-run commercial bank Banca Comerciala Romana in which the two financial institution will acquir
The Agency for Small and Medium Enterprises (SMEs) and Banca Commerciala Romana (BCR) signed a contract for a new financing line worth ROL1000 billion on 13 August 2003. The BCR financing line for Romanian SMEs is valid for the next four years.
The second appeal for recommendations of projects within the non-reimbursable financing plan for small- and medium-size enterprises (SMEs) was launched by the European Commission Delegation in Romania and the Finance Ministry in July 2003.
Romania’s Central Bank (BNR) decided to increase by 1% - to 19.25 from 18.25 - BNR’s rate of the intervention interest on the inter-banking market.
The Romanian Commercial Bank (BCR) has been named "Best Romanian Bank" for 2002, by UK financial magazine Euromoney.
