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The EBRD is providing a €7 million loan to BCR Chisinau for on-lending to Moldovan companies undertaking energy efficiency investments

The EBRD is providing a €7 million loan to BCR Chisinau for on-lending to Moldovan companies undertaking energy efficiency investments. The loan is part of the EBRD’s €20 million Moldova Sustainable Energy Financing Facility (MoSEFF) and will enable BCR Chisinau to provide loans worth up to €2 million to private Moldovan companies. rnrnBCR Chisinau is a commercial bank in Moldova, fully owned by BCR Romania, part of Erste Group Vienna.rnrnThe EBRD loan will be used to finance sustainable energy investment undertakings by private Moldovan companies, such as, for example, the replacement of outdated production and heating equipment, the rehabilitation and replacement of boilers, installation of meters, thermal insulation, and the refurbishment of heat and power distribution systems, biomass, biogas and solar energy projects among others.rnrnSub-borrowers undertaking energy efficiency investments will benefit from incentive payments granted by the European Union of up to 10-20 per cent... detalii

Erste Group as joint lead manager for EUR 200 million bond issue for EGGER

- The majority of EUR 200 Mio bond was placed with Austrian retail intermediaries rnrn- Erste Group sees significant growth potential for CEE corporate bondsrnrn- Increasing investors’ appetite also stimulated by positive market sentiment rn rnErste Group Bank AG („Erste Group”), mandated as joint lead manager, successfully issued a EUR 200 Mio 7-year bond for Europe’s leading wood-processing company EGGER Group. The issue was priced at a spread of mid-swaps +260 bps, maturing in February 2018 with a coupon of 5.625%. Due to strong investors’ demand, mainly from Austria, the offering was well over-subscribed. rn rn„Erste Group was already mandated as joint lead manager for the 7-year EUR 120m EGGER bond issue in February 2010. The successful placement of both issues clearly proves investors’ confidence in the company as solid and well-positioned but also reflects the positive market sentiment,” comments Franz Hochstrasser, Deputy CEO of... detalii

Erste Bank Hungary CEO to resign

Edit Papp, the CEO of Erste Bank Hungary, has decided to pursue other professional opportunities and therefore announced her resignation effective from 31 May 2011.rnrnEdit Papp, who held various executive... detalii

Vodafone Romania and RBS Romania announce partnership for offering inter-bank direct debit for the payment of the Vodafone invoices

As a result of this partnership, Vodafone clients with accounts opened at Millennium Bank can pay their Vodafone invoices also by direct debit rnrnVodafone Romania and RBS Romania announce their... detalii

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