SIF Banat-Crisana in search of opportunities

Financial Investment Company (SIF) Banat-Crisana intends to invest more than $4 million in the second half, with most of the money directed to new business development. The company is now looking for entrepreneurs that hold at least medium-sized companies and need financing to grow. “We are mainly interested in companies that operate in Western Romania, have a high growth potential and deal in hotel industry or utilities. We’re not ruling out any business that proves to be interesting upon analysis, either,” Daniel Manate, SIF Banat-Crisana’s strategy manager told Ziarul Financiar. Manate says the company has started to organise monthly meetings with the business people in Banat in order to find investment opportunities, but no project has materialised yet. The SIFs, which had been most favoured by the high interests provided by the banking system and by the government securities two or three years ago, have seen themselves forced to change their investment strategy lately. They have become more actively involved on the venture capital segment to make up for the lower gains derived from the fixed-yield financial instruments. ZF