Alte stiri din categoria: ENGLISH

Loans granted to SMEs by Garanti Bank increased in average by 20% in the last four years

The appetite for financing of the local small and medium enterprises has been constantly developing for the past years, Garanti Bank registering an annual average growth of 20% in the SME segment from 2010 and up to the present, said the bank in a statement.Garanti Bank, one of the most innovative and dynamic banks on the local market, has a portfolio of 25,000 SME clients and has reached a total volume of the active loans granted to SMEs of almost EUR 300 million, with an average loan ticket size of EUR 90,000. At the same time, the average annual increase in the volume of SME customer deposits has been 42.5% in the last four years.Most small and medium enterprises in Garanti Bank’s portfolio (run by men and/or women) operate in the commerce & distribution sector (17%), followed by services (15%), healthcare & tourism (13%), and... detalii

Positive outlook for Romania’s economy: the GDP’s annual growth rate revised at 2.9% by Garanti Bank

Garanti Bank, one of the most innovative and dynamic banks on the local market, revised the Gross Domestic Product (GDP) growth expectations for 2014 from 2.6% to 2.9% in its... detalii

EBRD delegation visits Romania

A delegation from the EBRD’s Board of Directors is on a four-day mission to Romania where the group will visit the capital Bucharest and nearby counties of Buzău and Ialomița.The visit is part of a regular series of consultations that enable EBRD Directors to better understand the priorities for the local economy and to maintain close dialogue with Romania’s authorities, private sector and civil society.Representatives of the EBRD Board on this visit include:Jérôme Baconin, FranceTamsyn Barton, European Investment BankAnthony Bartzokas, Greece/PortugalEvren Dilekli, Turkey/Romania/Azerbaijan/Kyrgyz RepublicVirginia Gheorghiu, Turkey/Romania/Azerbaijan/Kyrgyz RepublicAndrás Karman, Hungary/Czech Republic/Slovak Republic/Croatia/GeorgiaJorma Korhonen, Norway/Finland/LatviaJonathan Ockenden, United KingdomAntonio Oporto, Spain/MexicoSergey Verkashanskiy, Russian Federation/Belarus/TajikistanDuring their visit the Board Directors, together with the EBRD’s Director for Romania James Hyslop, will meet Romanian President Traian Băsescu, Prime Minister Victor Ponta, Minister of Finance Ioana-Maria Petrescu, Minister Delegate for Budget Liviu Voinea, Minister for European Funds Eugen Teodorovici and Governor of... detalii

European Commission approves restructuring aid for Greek bank Alpha Bank

The European Commission has found the restructuring plan of the Greek Alpha Bank, including the acquisition and integration of Emporiki Bank, to be in line with EU state aid rules.... detalii

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