Czech Profireal Opens Branch In Romania

Profi Credit IFN SA, a member of the Czech financial group Profireal Group, has launched operations on the Romanian market on Tuesday, manager Tomas Rosenberger said.

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The company eyes granting loans to population worth 13 million lei (EUR1-RON3.6095) in 2008, with the numbers to reach RON31 million and RON55 million in 2009 and 2010, respectively, Rosenberger said.

Profi Credit, which offers private loans, trade loans, business loans, factoring services etc., successfully obtained registration license from the Romanian central bank in October last year.

The company provided the first loan to a Romanian client in the course of December 2007.

Profireal Group operates in five countries - the Czech Republic, Slovakia, Poland, Bulgaria and Romania.

In 2006, Profireal provided loans and credits at a total volume of EUR110 million to its clients.

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