UniCredit, Banca Romaneasca, and Bancpost have biggest real estate exposure

UniCredit, Banca Romaneasca, and Bancpost are the Romania-based banks that granted the most loans to develop big real estate projects on the market, either on their own, in conjunction with parent banks, or as part of bank syndicates, reveals a ZF analysis that considered financial data of the top 50 biggest commercial, residential, and office projects in Romania. The 50 projects analysed entailed loans worth a cumulated 3.5 billion euros, equivalent to 15% of the volume of loans granted to local companies.

UniCredit has provided funding with a cumulated value of 730 million euros, for projects that include Baneasa Shopping City, City Mall, Grand Arena, and Arena Bacau, as well as residential complexes such as Residenz and New Town. Read more in the Proprietati supplement that comes with today's Ziarul Financiar.