BANCI | ENGLISH

EBRD supports development of rural leasing in Romania

Autor:

Publicat la: 2011-01-31 10:46 Ultima actualizare: 2011-01-31 10:46

The EBRD is diversifying the availability of financing for small and medium-sized companies in Romania with a €7 million loan to IMPULS-Leasing Romania IFN SA (ILRO) to support the extension of leasing services in rural areas.rnrnIMPULS-Leasing Romania IFN SA, one of the fastest growing leasing companies in Romania, provides vehicle and equipment leasing services to small and medium-sized enterprises (SMEs).rnrnThe EBRD loan will enable the company to meet the growing demand for more diversified leasing products from Romanian SMEs and to expand its product portfolio. The project will address the financing constraints facing local companies, particularly agribusinesses and farmers in remote areas of the country.rnrn“This is the first leasing project targeting rural SMEs in Romania. It will facilitate the access to financing for Romanian entrepreneurs and will contribute to the strengthening of the leasing sector in the country”, said Claudia Pendred, EBRD Director for Romania.rnrn“After two difficult years for the leasing industry, ILRO is expanding beyond its core SME business by growing our agricultural leasing business which provides finance to farmers and rural businesses. This new line of business is assisted by the EBRD loan and by the accompanying technical assistance program offered by the EU which helps ILRO to build its strengths in agricultural leasing”, said Razvan Diaconescu, General Manager of Impuls Leasing Romania IFN SA.rnrnThe financing to IMPULS-Leasing Romania IFN SA is extended under the EU/EBRD SME Finance Facility Framework*.rnrnSince the beginning of its operations in Romania, the EBRD has committed over €5 billion to various sectors of the country’s economy which, importantly, attracted an additional €9 billion of investments.rnrnIMPULS-Leasing Romania IFN SA is one of the five national subsidiaries of the Swiss group IMPULS Leasing International AG which started its operations in Romania April 2007 and became shortly one of the top seven leasing companies in Romania.rn

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii