Altex"s Ostahie ventures on banks" turf with personal loan product

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Dan Ostahie, the majority shareholder of electrical and IT retailer Altex, plans to consolidate the company"s position on the non-bank financial sector through Credex by launching a "Personal Loan" product.

Until the launch of the product, Credex was only offering funding for the acquisition of home appliances from Altex and Media Galaxy stores. "It is a natural step in the development of the company that will offer clients loans for other purposes. We are also considering other financing...

Read the whole story in: Ziarul Financiar