CEC Bank has granted a 36 million euros financing facility to Veranda Obor SA, the owner of Veranda Mall, to refinance existing debt, support the project’s development plans, and, for the first time, enable capital distributions to the company’s shareholders.
The new loan follows a strong post-pandemic operational recovery, during which the shopping center strengthened its market position and maintained stability despite continued pressure on consumption and operating costs. Veranda Mall has consistently recorded an occupancy rate close to 100%, underscoring steady revenues and sustained attractiveness for tenants.
“We particularly value our strong partnership with CEC Bank, a strategic partner that has supported us since 2018, including during our expansion and modernization phase,” said Alexandru Duduman, CFO of Veranda Mall. “Securing this refinancing under highly competitive terms, after receiving multiple market offers, highlights the undeniable quality of the Veranda Mall project in the current economic environment. At the same time, we believe it is the right moment for shareholders to benefit directly from the mall’s excellent performance through the share buyback program supported by this facility.”
“Veranda Mall has demonstrated remarkable performance in recent years, with concrete financial results that confirm the strength of the urban proximity mall concept,” said Adrian Mușat, Director of the Large Clients Division at CEC Bank. “We are pleased to continue supporting this project through financing that strengthens its long-term development and marks a new stage of maturity. CEC Bank remains committed to backing viable projects capable of delivering sustainable value to the communities they serve.”
Retailers at the shopping center reported sales growth of more than 5% in 2025. At company level, financial performance also remains positive, with rental income trending upward and estimated turnover for 2025 expected to exceed 50 million lei, representing an increase of more than 10% compared to the previous year.