CEC Bank has provided €36 million financing to Veranda Obor, owner of Veranda Mall shopping centre. The facility will refinance existing exposure, support development plans and enable capital distributions to shareholders.
Carmistin The Food Company has secured financing of approximately €500 million to continue investments in agriculture and the food industry through a partnership with a bank syndicate.
State-owned lender CEC Bank has obtained a €25 million loan from the European Investment Bank (EIB) to finance public sector projects that contribute to sustainable economic development, particularly in regions most affected by climate transition.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
CEC Bank has signed a new portfolio guarantee convention with the Romanian Investment and Development Bank (BID), joining the guarantee mechanism designed to support SMEs.
BT and the Investment and Development Bank (BID) have concluded an agreement to support the development of investment projects intended for infrastructure and local communities.
CEC Bank and the Investment and Development Bank (BID) have signed a landmark agreement to provide individual guarantees for public sector entities in Romania.
Three out of four Romanians traveling abroad this summer have chosen Greece, Bulgaria, Turkey, or Italy as their destination, finds a recent CEC Bank survey.
Rodbun Grup, a local agribusiness company, has secured a syndicated credit facility with a state guarantee, totaling €17.3 million, to back its working capital and development plans.
State-owned CEC Bank has completed its e-factoring project, marking a significant step forward in its ongoing digitalization strategy.
Electrica has signed a syndicated loan agreement worth RON 3.1 billion (€620 million), in a deal coordinated by BT and BCR, with Raiffeisen Bank acting as Sustainability Agent.
CEC Bank Financial Group recorded a net profit of RON 687.9 million (€138 million), with the bank itself recording a net profit of RON 668.2 million (€134 million).
The European Commission (EC) has determined that Romania's €200 million (RON 1 billion) recapitalisation of CEC Bank.
The transaction, which was oversubscribed by institutional investors, represents a new issue launched by CEC Bank within its multi-year €1.5 billion Eurobonds programme.
Strong investor demand allowed initial indicative price of 6% to fall by 37.5 basis points to a price of 5.625%, while the peak value of orders reached more than €800 million.
The syndicate of banks included CEC Bank and Alpha Bank Romania and the facility granted is secured by a guarantee issued by Exim Banca Românească.
Specifically, with this functionality, the ID images retrieved through the CEC app are automatically forwarded for processing for remittance for cashing.
Romania has achieved a significant victory at the International Centre for Settlement of Investment Disputes (ICSID) in Washington regarding the Bucharest-based Casa Radio project.
Romania's Ministry of Finance is conducting its fourth public offering of Fidelis government bonds this year, running from April 14 to 21 on the BVB. .
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
Romania is launching its most ambitious industrial policy package in recent years, featuring nine state aid schemes with an estimated budget of €5 billion by 2032,
Romania's annual inflation rate climbed to 9.87% in March from 9.31% in February, driven by an 11.05% increase in services, 10.89% rise in non-food goods, and 7.67% growth in food prices, according to data published by the National Statistics Institute (INS).