BANCI | ENGLISH

IFC, Banca Romaneasca Partner to Expand Trade Finance for Romanian SMEs

Autor: Bancherul.ro
2012-03-22 10:51

IFC, a member of the World Bank Group, and Banca Romaneasca have joined forces to expand trade finance in Romania, a partnership that will help small and medium enterprises create jobs and move into new markets, said IFC in a statement.

Banca Romaneasca has signed on as an issuing bank in IFC’s Global Trade Finance Program (GTFP), which supports trade in emerging markets by providing partial or full guarantees for individual trade transactions backed by IFC’s triple-A rating.

Through its 134 branches across Romania, Banca Romaneasca provides financing to support the exports and imports of its corporate and SME clients. Access to trade finance is essential for SMEs that depend on cross-border trade to remain viable and seek new opportunities for growth in overseas markets.

“Trade finance is a key segment in our corporate banking strategy, and the Global Trade Finance Program is a natural choice for a partnership,” said Cosmin Calin, Executive Director of the Corporate Division at Banca Romaneasca. “As an issuing bank under this program, Banca Romaneasca will contribute to Romania’s economic growth by sustaining the involvement of Romanian companies in international trade.”

Georgina Baker, IFC Director of Global Trade and Supply Chain Solutions, said: “As access to credit tightens, IFC is quickly responding by deploying its resources to areas where it can have immediate impact and reach. As a GTFP issuing bank, Banca Romaneasca will expand trade finance in Romania, helping businesses expand into new markets and create jobs.”

Since its inception in 2005, IFC’s award-winning GTFP has issued more than 10,000 guarantees totaling $14.3 billion to banks on trade-related payment obligations of its financial institution clients in emerging markets. Most significantly, in fiscal year 2011, 53 percent of the program’s total volume was to support trade in the world’s poorest countries, and 79 percent went to SMEs. The program includes more than 200 partner banks in over 90 emerging-market countries.

Romania became a member of IFC in 1990. Currently, IFC’s portfolio in Romania stands at $632 million. IFC’s role in Romania is evolving in light of the country’s EU membership and the growing availability of private financing. In addition to its work in financial markets, IFC has focused on agriculture, general manufacturing, infrastructure, and health care.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit www.ifc.org.

To learn more about Banca Romaneasca, visit www.banca-romaneasca.ro.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

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

NBR Board decisions on monetary policy In 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 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 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

21.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Mihaela Valentina Turbureanu, Director General Adjunct - Management financiar, Operatiuni, Juridice, Credite persoane fizice si Administrarea creditelor
Credit Agricole Bank

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

LOAN OFFER
Buna ziua Aceasta pentru a informa publicul larg că oferim împrumuturi celor care au nevoie de ... detalii
!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126