ZF English

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

28.04.2010, 20:05 15

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

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

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