Property in Romania

120m-euros loans for real estate projects

Investkredit Bank, part of Austria’s Volksbank group, is in talks related to granting 120m-euro loans to finance real estate projects on the Romanian market.
Since it opened its office in Romania, this March, the financial institution has granted loans worth around 30 million euros.
The Romanian real estate market has considerable potential,” stated Claudius Ferentz, head of Investkredit’s office in Romania.

Date posted: August 3, 2006