Corporate Lending Up to RON3.9B in October, 14-Year Monthly Peak
12.16.2020
Banks in Romania granted 3.9 billion lei in new leu loans to companies in October, an increase of RON1.3 billion or 50.5% on the year-ago month. Corporate lending reached the highest level of the year in October as well as the highest monthly level in 14 years.
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tbi bank Signs Partnership Deal With Safety Broker Enabling Customers To Buy Insurance
05.17.2024
tbi bank has signed a partnership agreement with Safety Broker, whereby customers can buy insurance, including auto liability insurance RCA,... more
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Alpha Bank Romania Reports EUR16M Net Profit in Q1/2024, Up 45%
05.17.2024
Alpha Bank Romania in the first quarter of 2024 registered EUR16 million net profit, up 45%, while the bank’s assets reached EUR4.7 billion, 8%... more
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Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
05.16.2024
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from... more
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Safety Broker Officially Becomes Part Of US-held Acrisure
05.16.2024
Safety Broker, the largest insurance broker on the Romanian market, has received the approval of Romania's financial regulator ASF to officially... more
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Finance Ministry Raises Nearly RON1.3B From Banks Via Two Bond Issues On May 16
05.16.2024
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average... more
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Patria Bank almost Triples Profit in Q1/2024, To RON8M
05.16.2024
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates... more
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Raiffeisen Bank Romania To Go With Visa As Its Only Card Partner
05.15.2024
Raiffeisen Bank has decided to go with Visa at its only card partner, which means the bank will be issuing new cards for those who already have... more
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Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
05.14.2024
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a... more
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Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
05.13.2024
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the... more
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Garanti BBVA Romania 2023 Net Profit Down 7%, To RON177M
05.13.2024
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating... more
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APS and EBRD Buy EUR400M Worth of NPLs in Romania from Piraeus Bank
05.13.2024
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly... more
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Banca Transilvania Ends Q1 With 35% Rise In Net Profit To RON913M
05.11.2024
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35%... more
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OTP Bank Romania Ends Q1 With RON219M Total Income
05.10.2024
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by... more
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CEC Bank Finances Over 3,000 Investment Projects From EU Funds, Worth A Total Of RON9.4B, In Last 17 Years
05.10.2024
Romanian state-run lender CEC Bank has financed more than 3,000 investment projects from European funds, in the last 17 years, according to Ramona... more
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Groupama Reports Gross Written Premiums Of Over RON4B In 2023, Up 37% YoY
05.09.2024
Groupama Asigurari, the leader of the entire insurance market and the largest on the third-party liability insurance RCA market, ended 2023 with... more
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Diana Mihai To Take Over As Head of Marketing, Communication And Brand Experience Of ING Bank Romania
05.09.2024
Diana Mihai will take over the role of Head of Marketing, Communication and Brand Experience of ING Bank Romania, starting June 17, 2024, in line... more
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Finance Ministry Raises Nearly RON800M From Banks Via Two Bond Issues On May 9
05.09.2024
Romania's Finance Ministry raised RON800 million from banks on Thursday (May 9), selling government paper in two auctions, at annual average yields... more
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European Investment Bank Boosts Europe’s Security & Defense With EUR4.5B Financing
05.09.2024
The Board of Directors of the European Investment Bank (EIB) on May 9 endorsed a revised definition for dual-use goods and infrastructure eligible... more
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Romgaz Makes RON200M Term Deposit With Exim Banca Romaneasca
05.09.2024
Natural gas producer and supplier Romgaz (SNG.RO) on Thursday notified the Bucharest Stock Exchange of having made a RON200 million term deposit... more
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Bucharest Stock Exchange And EBRD To Review Romanian Corporate Governance Code
05.09.2024
The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.