News Article Bucharest BVB Constanta Garanti Bank Iasi Impact Developer & Contractor loan residential Romania
by Property Forum | Residential

Romanian Impact Developer & Contractor says it got a loan of €4.25 million with a 4-year maturity from Garanti Bank to finance its working capital.

The developer has a land bank of 73.5 hectares in Bucharest, Constanța and Iași for new residential investments in the next six years. 

By the end of the year, Impact will supplement the number of units under development up to 2,500, according to a company statement. 

Impact shares closed with a gain of 2.13% to 0.72 lei on Monday evening on the Bucharest Stock Exchange (BVB).