Tag: BCR (28 articles)

Real estate   |   3 December, 2025 at 1:32 PM

Iulius secures €305 million refinancing for Palas Iași

Iulius has secured a €305 million syndicated loan facility to strengthen its development strategy. This represents the first unitary refinancing in Romania for a portfolio of multiple buildings with different functions within a mixed-use project - Palas Iași.

Finance   |   1 August, 2025 at 10:52 AM

BCR records net profit gain of 12% in H1 2025

BCR recorded a net profit of RON 1.47 billion (€294 million) in H1 2025, a 12% increase from the same period last year. This performance was driven by an improved operational performance and a higher volume of customer business.

Real estate   |   20 May, 2025 at 1:39 PM

Iulius, Atterbury Europe secure record €400 million loan for mixed-use project in Cluj-Napoca

Iulius and Atterbury Europe have secured the largest loan ever granted for a new real estate development in Romania. The €400 million syndicated financing will back the development of the Rivus Cluj-Napoca mixed-use urban reconversion project. The green loan was provided by a consortium of four major financial institutions: Erste Bank, BCR, EBRD, and BRD. 

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Industry

Romania's public administration seeks shared service centres

The Romanian government has adopted an emergency ordinance for administrative reform that officially recognises what specialists have long signalled: public administration is oversized, fragmented and financially unsustainable, according to an opinion by PwC Romania experts Dinu Bumbăcea and Cristian Cortez.

Economy

Romania's economy grows 0.7% in 2025

Romania's economy grew 0.7% in real terms in 2025 compared to 2024, though GDP fell 1.9% in Q4 compared to the previous quarter, according to provisional data published by the National Institute of Statistics (INS).