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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

ING Bank Romania rolls over NEPI Rockcastle's financing with EUR 100 mln "green" loan

ING Bank Romania recently prolonged for another three years the EUR 100 mln credit facility granted to the NEPI Rockcastle group, the largest owner of shopping centres in Central and Eastern Europe, Ziarul Financiar reported.

The standard loan, contracted in 2017, became "green" by adding ESG provisions (environmental, social and governance).

ING granted the loan as the sole lending bank. The funds will be used to fund NEPI Rockcastle Group's current and future projects.

"A green credit incorporates strict indicators to measure a company's performance according to ESG standards. It is periodically assessed by an independent global leader in sustainability consulting and corporate governance (Sustainalytics) to determine the cost of green credit. Thus, better performance of the company (above the indicators established in the contract) is rewarded with a reduction in the interest rate, while a reduced performance attracts, inversely proportionally, its increase," explained Florin Ilie, Deputy CEO and Head of Wholesale Banking within ING Bank Romania.

andrei@romania-insider.com

(Photo source: Andreea Constantinescu/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

ING Bank Romania rolls over NEPI Rockcastle's financing with EUR 100 mln "green" loan

ING Bank Romania recently prolonged for another three years the EUR 100 mln credit facility granted to the NEPI Rockcastle group, the largest owner of shopping centres in Central and Eastern Europe, Ziarul Financiar reported.

The standard loan, contracted in 2017, became "green" by adding ESG provisions (environmental, social and governance).

ING granted the loan as the sole lending bank. The funds will be used to fund NEPI Rockcastle Group's current and future projects.

"A green credit incorporates strict indicators to measure a company's performance according to ESG standards. It is periodically assessed by an independent global leader in sustainability consulting and corporate governance (Sustainalytics) to determine the cost of green credit. Thus, better performance of the company (above the indicators established in the contract) is rewarded with a reduction in the interest rate, while a reduced performance attracts, inversely proportionally, its increase," explained Florin Ilie, Deputy CEO and Head of Wholesale Banking within ING Bank Romania.

andrei@romania-insider.com

(Photo source: Andreea Constantinescu/Dreamstime.com)

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