Alpha Bank | Romania Feed

Alpha Bank, one of the ten largest banks in Romania, is in talks with telecommunications group Orange over buying Orange Money IFN Romania, financial market sources told ZF.

eMAG, the biggest online retailer in Romania, has got long-term funding worth almost EUR70 million from Alpha Bank, which will support the construction of a state-of-the-art logistic center near Budapest, Hungary, with a capacity of as much as 120,000 square meters, an over EUR100 million investment.

Romania recorded a 22% increase in the gross domestic product (GDP) per capita to EUR10,700 in the first nine months of 2022, the highest growth in the European Union, but keeps the second spot in terms of value, as per an analysis by lender Alpha Bank.

Real estate developer Impact Developer & Contractor (IMP.RO) has notified shareholders of the signing of a working capital loan agreement, under which it got EUR20 million from Alpha Bank, the company said in a report to the Bucharest Stock Exchange.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, concluded EUR56.7 million loan contracts on Sept 30, of which EUR26.7 million from state-run lender CEC Bank and EUR30 million from Alpha Bank.

Chimcomplex SA Borzești concluded on September 30, 2021, financing contracts of 56.7 million EURO, which include 26.7 million EURO from CEC Bank and 30 million EURO from Alpha Bank. They will be used for the full refinancing of the existing loans from VTB and Credit Suisse/Argentum Netherlands BV and for the continuation of development projects. […]