CITIBANK OPENS IN ROMANIA.a representative office in Bucharest, the capital city of Romania. The bank now has a presence in 95 countries and territories, more than 70 of which are in the emerging markets. David Garner, newly-appointed country corporate officer, said : "The bank's entrance into Romania marks a recognition of the improvement in the macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. position of the country and the opportunities which will follow from the increased trading and investment activities there of some of Citibank's major global clients. It also reflects the excellent relationships Citibank has with the major Romanian banks -- in particular, the National Bank of Romania. " Citibank International recently led a $150 million syndicated loan Syndicated Loan A very large loan in which a group of banks work together to provide funds for one borrower. There is usually one lead bank that takes a small percentage of the loan and syndicates the rest to other banks. Notes: Also known as a "syndicated bank facility. for the country, which was provided by 31 banks and represented Romania's first new fund-raising in the international capital markets in 15 years. The National Bank plans a second loan later this year, as well as a Eurobond offering. In addition to its new presence in Romania, Citibank has branches and subsidiaries in other parts of Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. , including the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Hungary, Poland and Russia. CONTACT: Kenneth Campbell Kenneth Campbell VC (April 21, 1917 - April 6, 1941) was a Scottish recipient of the Victoria Cross, the highest and most prestigious award for gallantry in the face of the enemy that can be awarded to British and Commonwealth forces. , 212-559-0048 |
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