Garanti Bank | Romania Feed

Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type loan agreement. Impact Developer & Contractor is the borrower, Garanti Bank is the lender and Bergamot Developments is the mortgage guarantor, according to the company’s report to the Bucharest Stock Exchange.

Impact Developer & Contractor, the real estate developer controlled by entrepreneur Gheorghe Iaciu, took out a EUR4.2 million loan from Garanti Bank, due in June 2024, to secure working capital.