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Banks increase euro-denominated loan prices
The euro-denominated loan price hike season has started when Volksbank, one of the most aggressive banks when it comes to low interest rate offers, applied a retroactive increase of 1.5%, wi...
Alpha Bank recruits brokers for loan distribution
Easy-Credit, a Dutch-held credit broker, will sell retail credits for Alpha Bank in the form of a partnership. A rising number of banks are in fact resorting to brokers that ensure product d...
Furniture retailer KIKA takes out 50m-euro loan
KIKA, the Austrian furniture and interior decorations retailer has been granted funding worth 50 million euros from Immoconsult, the real estate leasing division of Investkredit Bank, with w...
Eight banks battle on the Swiss franc loan front
Loans in Swiss francs are an apparently cheap alternative for long-term funding, with banks charging an annual interest rate of around 4%, whilst annual euro interest rates rarely fall below...
Terapia Ranbaxy in talks with banks for 25m-euro loan
Drug producer Terapia Ranbaxy, one of the leading players on the domestic pharmaceuticals market, is to contract a loan worth up to 25 million euros, according to information published in th...
ATE Bank: 88 new branches and 5-fold loan increase in 3 years
ATE Bank Romania, the former Mindbank, is set to focus on the retail segment in a bid to achieve an almost fivefold turnover increase in the next three years. "We must get the number of indi...
Woman cumulates overdue loan payments to 13 banks
A woman has overdue payments to no less than 13 commercial banks after taking out a long series of credits throughout 2005 and 2006. The first overdue payments appeared at the end of last ye...
Improved loan quality leads to lower RON rate margins
Domestic interest rate margins will narrow further due to the interest rate convergence towards European levels, say EFG Eurobank analysts. The spread of average interest rates, applied by c...
UniCredit seeks to boost share of mortgage loan market
UniCredit Romania has recently raised interests of new euro-denominated loans by one percentage point, as a reaction to rising rates on international markets. The bank now levies interest ra...