Rodbun Group, one of Romania’s leading agribusiness companies, has signed a syndicated credit facility totaling 101.5 million Euro, through which refinances and increases existing facilities by 37.14 million Euro. The credit facility includes three tranches, a 93.5 million Euro revolving […]
BCR achieved a net profit of RON 2,321 million (EUR 469 million) in 2023, up by 33 percent against RON 1,746 million (EUR 354 million) in 2022, driven by improved operating result underpinned by advance in customer business. “For BCR, […]
International Finance Corporation (IFC) has provided a 150 million Euro investment with sustainability-linked features consisting of a syndicated loan facility and a convertible instrument to Lion’s Head Investments (LHI), a commercial property platform in Bulgaria and Romania. Lion’s Head currently […]
tbi bank appoints Alex Garmash as Merchant Ecosystem Leader. In this role, he is set to guide and shape key business activities, fostering collaboration with merchant partners in the bank’s strategic markets of Bulgaria, Romania, and Greece. With more than […]
Maib, the largest bank in Moldova, has announced today that Giorgi Shagidze will extend his mandate as CEO and Chairman of the Management Committee until December 31, 2025. In the event of a successful IPO of the bank, the mandate […]
In 2023, Raiffeisen Bank Romania recorded a 130 percent increase in investment plans, voluntary pensions and life insurance with a savings component, as well as record guarantees from the European Investment Fund, enabling the financing of Romanian SMEs with more […]
Philipp Gamauf will be the new Chief Financial Officer (CFO) of ING Bank Romania. His mandate begins on March 1st, 2024, when he takes office from Lucica Pitulice. Philipp Gamauf will also be a member of the Executive Committee of […]
IMPACT Developer & Contractor (ticker symbol IMP) raised over one million euro in the first 72 hours of issuing the bond offer. The public offer for sale of bonds, intermediated by TradeVille, is ongoing until February 23, 2024. “The offer […]
According to OTP Bank analysts, the local economy experienced weaker growth in 2023 than previously anticipated. Nevertheless, some lights are visible at the end of the tunnel: after expanding by 1.5 percent in 2023, 2024 growth could be close to […]
Econergy, a publicly-traded Independent Power Producer, and Rivage Investment have today announced agreement on a 150 million Euro debt financing that will support the delivery of a pipeline of European PV, wind, and storage projects. It will also support the […]
