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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Banca Transilvania’s Long-Term Deposit And Issuer Rating Outlook From Moody’s Changed From Stable To Positive
11.15.2024
Moody's Ratings has today affirmed the Baa2 long- and short-term deposit ratings and the Baa3 long- and short-term issuer ratings of Banca... more
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Three-Month ROBOR Climbs to 5.58%/Year on Nov 15 After Staying Flat at 5.55% For Two Months
11.15.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Finance Ministry Raises RON500M From Banks On Nov 14
11.14.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 14, 2024) selling benchmark bonds, at an annual average yield of 6.88%. more
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Banca Transilvania Convenes Shareholders To Vote on Merger by Absorption with OTP Bank Romania and BT Building
11.14.2024
The board of directors of Banca Transilvania, Romania’s largest lending institution, has convened the Extraordinary General Meeting of... more
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Nuclearelectrica Seeks Shareholder Approval For $98M Loan For Subsidiary Ropower Nuclear
11.13.2024
Ropower Nuclear SA, the project company for the development of small modular reactors in Romania, set up by Nuclearelectrica (SNN.RO) and Nova... more
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CEC Bank Redeems RON660M Notes On Bucharest Stock Exchange Early
11.13.2024
CEC Bank, the largest state-run lender in Romania, fully owned by the Finance Ministry, has redeemed RON660 million worth of notes listed on the... more
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Banca Transilvania To Buy Back Up To 2 Million Shares By End Of 2024
11.12.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, on Tuesday notified the Bucharest Stock Exchange that on November 11, its Board of... more
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Finance Ministry Raises RON600M From Banks On Nov 11
11.11.2024
Romania's Finance Ministry raised RON600 million from banks on Monday (Nov 11), selling government paper at an annual average yield of 6.95%. more
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Banca Transilvania Posts RON3.9B Consolidated Net Profit In Jan-Sep 2024
11.08.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON3.9 billion consolidated net profit in January-September, an increase of 70%... more
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Romania's Central Bank Further Keeps Key Rate Steady At 6.5% a Year
11.08.2024
Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level... more
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Finance Ministry Raises RON1.09B From Banks Via Two Bond Issues On Nov 7
11.07.2024
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (Nov 6), selling government paper in two auctions, at annual average... more
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tbi bank: Romanians Set To Spend At Least RON500 This Black Friday
11.06.2024
Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is... more
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Moldova’s Maib Reports Net Profit of almost EUR57M for Jan-Sept 2024, Up 11% YOY
11.06.2024
Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9... more
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Law Firm Clifford Chance Badea Assisted Alpha Bank Group in Sale of Majority Stake in Alpha Bank Romania to UniCredit
11.05.2024
Law firm Clifford Chance Badea has assisted Alpha Bank Group and Alpha Bank Romania S.A. with regard to all the aspects of Romanian law for the... more
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Finance Ministry Raises RON500M From Banks On Nov 4
11.04.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Nov 4), selling government paper at an annual average yield of 6.04%. more
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UniCredit Completes Alpha Bank Romania Acquisition
11.04.2024
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from... more
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Signal Iduna Asigurare Reasigurare Buys Majority Stake In Garanta Asigurari
11.04.2024
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, announces the signing of an agreement for the acquisition of... more
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Garanti BBVA And European Investment Fund Team Up To Offer EUR30M In Guarantees To Support Romanian Companies
11.04.2024
Garanti BBVA and the European Investment Fund (EIF) have signed an agreement to provide guarantees of minimum EUR30 million to enhance... more
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Romania Forex Reserves Shrink To EUR62.8B In October 2024
11.01.2024
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September,... more
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BCR Reports RON2.21B Net Profit in Jan-Sept 2024, Up 30.6% YOY
10.31.2024
Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2024 registered net profit worth RON2.21 billion... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.