11.27.2012

The Romanian savings and loan product market has a high growth potential in the medium term, Aurelia Cionga, president of mortgage lender Raiffeisen Banca pentru Locuinte (RBL), said Tuesday. more

11.26.2012

Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen group, Monday said it has signed a EUR80 million loan agreement with the Council of Europe Development Bank (CEB) to finance small- and more

11.20.2012

Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Tuesday said it will borrow $5 million from UniCredit Tiriac Bank and another EUR2.3 million from Raiffeisen Bank to finance working capital more

11.15.2012

Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, will discuss in stockholders meeting December 18 on taking a nearly $28 million loan from Raiffeisen International, more

11.09.2012

Romania and the International Monetary Fund will discuss the terms of a potential follow-up loan agreement at the fund’s next review mission in January 2013, Finance Minister Florin Georgescu said more

11.07.2012

The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of EUR9.2 million to finance an investment project worth EUR146.2 million aiming to extend and rehabilitate more

11.05.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) contracted a revolving loan facility from BRD-Groupe Societe Generale (BRD.RO), with a 150 million lei (EUR33.1 million) ceiling, more

11.02.2012

Consumer and mortgage loans in Romanian leu became more expensive in September for the third month in a row and interests on euro loans went down again, making harder the shift to lending in lei for more

10.22.2012

The European Bank for Reconstruction and Development has extended a EUR20 million loan to Romanian lender Banca Transilvania (TLV.RO) for on-lending to small- and medium-sized enterprises, EBRD said more

10.22.2012

The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a 36.6 million lei ($10.4 million) credit line to Romanian Patria Credit to finance micro and small more

10.19.2012

Real estate developer RomReal, which has several properties in Romania, Friday said it is currently unable to discharge its entire debt to lender Alpha Bank and might default on its loan unless it more

10.16.2012

The European Bank for Reconstruction and Development is considering providing a senior loan of EUR46.6 million to finance the commissioning and operation of a 40-megawatt wind farm in Romania, the more

10.16.2012

The European Bank for Reconstruction and Development is considering providing a senior loan for up to EUR80 million in two tranches to Romanian bank Banca Comerciala Romana (BCR) to provide medium and more

10.15.2012

Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Monday said it plans to take out two loans to finance working capital and honor outstanding contracts. more

10.05.2012

Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitions were more

10.04.2012

The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a $15 million credit line to Romanian Banca Transilvania (TLV.RO) for onlending to micro companies more

10.02.2012

Romania’s central bank will implement stricter rules regarding foreign-currency lending, and prospective borrowers must prove they can put up with severe shocks to the exchange rate. more

09.28.2012

The International Monetary Fund has completed the sixth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a new EUR512.9 more

09.26.2012

Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are willing more

09.25.2012

Demand for loans from individual customers has shrunk this year as customers only sought mortgage loans and credit cards, while consumer loans remained in negative territory. more

09.24.2012

Loan rescheduling for individuals who are late on their installment payments has not been “satisfactory’ in terms of results, according to Romania’s central bank, as the share of rescheduled more

09.14.2012

Czech PPF Bank lent EUR39 million to Czech-based S Group Holding to develop an office tower in Romania's capital city, Bucharest. more

09.14.2012

The European Investment Bank is considering extending a financing line of up to EUR150 million to Romanian UniCredit Tiriac Bank for on-lending to small- and medium-sized enterprises. more

09.11.2012

Romania’s Finance Ministry and the World Bank signed Wednesday the EUR1 billion loan agreement between the Eastern European country and the International Bank for Reconstruction and Development, a more

09.11.2012

About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, according to more