Adrian-Catalin Bulboaca, Managing Partner, Bulboacă & Asociații SPARL, at the first panel of the CFO Conference Cluj-Napoca, May 2025
“We are talking about companies that grow organically or through acquisitions, that want to expand nationally and internationally – this is a trend that we have noticed in the last two years or about companies in the process of reorganization or pre-insolvency. There is a huge discrepancy between the rigor of the European banking norm and the entrepreneurial dynamics. A huge discrepancy between the rigor of the banking lending norm and the entrepreneur’s confidence in his business. When you have a loan, start looking at refinancing it at least 8 months in advance. It is very difficult for specific departments in banks to move. There are at least 7 or 8 financings in the last year according to the same typical, in various industries, the problem being the same. It is not the fear of financing that is the problem, not the cost of financing, but the match between the economic reality of a project and what the bank can do. It is false to think that it is a matter of days before you have access to money.”
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