Garanti BBVA Romania announces the financing of Peștera Wellness & Spa, a 5-star hotel located in Peștera-Padina Tourist Resort of National Interest, from the Bucegi Mountains, with a loan of EUR 5 million. Garanti BBVA supports Grupul Industrial Alca SRL, […]
The European Investment Bank (EIB) and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to 8 billion Euro to support wind energy manufacturers in Europe. The EIB will provide a 500 million Euro […]
CEC Bank, the third largest bank in Romania, has selected Temenos to modernize its retail and corporate core banking systems. The state-owned bank is migrating from legacy systems to Temenos’ core banking platform including solutions for payments and data analytics. […]
CEC Bank is listing today on the Regulated Market of the Bucharest Stock Exchange, a bond issue worth 300 million euros, with maturity in 2029. The annual interest is 5.625% and the bonds have received a BB rating from Fitch. The […]
Garanti BBVA Leasing, part of Garanti BBVA Group Romania, has entered into a new finance agreement with the European Fund for Southeast Europe (EFSE). The 10 million euros loan is aimed at supporting the financing needs of micro, small, and […]
Banca Transilvania’s shareholders approved BT’s merger with OTP Bank Romania at today’s Extraordinary General Meeting of Shareholders. The integration of OTP Bank Romania into Banca Transilvania started in August 2024 and ends on February 28, 2025, through the merger of […]
The European Investment Bank (EIB) is lending Distributie Energie Electrica Romania (DEER), the distribution operator within the Electrica Group, 200 million euros to upgrade its electricity distribution network covering 40 percent of Romania and serving approximately 4 million households and […]
The European Investment Bank (EIB) is lending 70 million euros to a unit of BRD Groupe Société Générale to increase financing for a range of businesses in Romania. The EIB loan to BRD Sogelease IFN SA is meant to benefit […]
Garanti BBVA Leasing, part of Garanti BBVA Group Romania, announces a 20 million euros loan from the Black Sea Trade and Development Bank (BSTDB). The loan will enable companies to invest in essential capital assets, expand their operations, and enhance […]
CEC Bank granted the farm Tu Agrar, part of the Rodbun group, an investment loan of 3.3 million euros, with the purpose of acquiring the shares of Frontier Invest Group, a company that owns approximately 560 hectares of irrigable agricultural […]
