- The loan was extended to TMK-ARTROM Slatina (ART), a leading steel pipe manufacturers
- The credit line will be used to extend the production capacity of this company based in Slatina
Bucharest, 31 January 2017 – Banca Comercială Română approved, at the end of 2016, a €25 mn. loan to TMK-ARTROM Slatina (ART), reimbursable in seven years. The borrower will use the loan to buy a heat treatment line, which is scheduled to start working in the third semester of this year.
”Following the investment, the annual capacity of the heat treatment line will be 160.000 tons and will be able to treat tube with a maximum wall thickness of 60 mm. Once this new line of heat treatment is commissioned, TMK-ARTROM will strengthen its presence on the market, producing superior tubes for mechanical applications and for oil and gas exploration”, declared Adrian Popescu, Director General of TMK-ARTROM.
”To finance the companies which invest in modernizing and making their production facilities more efficient are among our main priorities, because we are directly involved in the sustainable development of the economy. We will continue to offer support and resources for this particular credit facilities, our mission being to promote the Romanian business community and in this way to create prosperity”, declared Cătălina Porojan, Executive Director of Group Large Corporate BCR.
The company based in Slatina is listed on BVB’s main segment, with a capitalization of 342,70 mn. lei (€76,16 mn.), and the last price of market is 2,95 lei/share (11 January 2017).
TMK-ARTROM is part of Group TMK, one of world’s greatest pipe producers. More than 80% of TMK-ARTROM’s production ia exported to Europe, America and Orient.
* *
Banca Comercială Română (BCR), a member of Erste Group, is the most important financial group in Romania, providing universal banking operations (retail, corporate & investment banking, treasury and capital markets), and covering specialty companies working on the leasing market, private pensions and housing banks. BCR is Romania’s No. 1 bank in terms of asset value (over 14,4 €bn.), in terms of client base and in terms of savings and crediting. BCR is also Romania’s most important financial brand, judging by the client trust rate and by the number of persons who consider that BCR is their main banking partner.
BCR uses a network of 22 corporate business centres and 23 mobile offices dedicated to corporate clients, and 510 retails units located in most communities inhabited by at least 10,000 citizens to provide a full range of financial products and services. BCR is Romania’s No. 1 bank running on the banking transactions market, since BCR customers have the largest ATM network at their disposal – over 2,000 ATMs and 13,500 POS terminals enabling customers to use their cards for shopping purposes, as well as the complete Internet banking, mobile banking, phone-banking and e-commerce services.
Erste Group is one of the main suppliers of financial services in Eastern European Union. About 46,700 bank officers working in 2,700 branches in seven countries (Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia) assist 15,9 mn. customers. Erste Group reported a total asset pool accounting for 206,8 bn. euro, a net profit of 1,18 bn. euro and a 13,2% cost-to-income ratio (Basel 3 integrally implemented).
* *
BCR – External Communication
Cătălin Ioniță, e-mail: georgecatalin.ionita@bcr.ro
For more details about the products and services provided by BCR, please use one of the coordinates below to contact us:
InfoBCR
Web: www.bcr.ro
Email: contact.center@bcr.ro
TelVerde: 0800.801.BCR (0800.801.227), toll-free from all national networks.