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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NN Asigurari Boosts Share Capital By RON24.5M Up To RON88.6M
03.15.2024
NN Asigurari, the general insurance division of NN Romania, has received the approval of the Financial Supervisory Authority (ASF) to increase its... more
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Finance Ministry Raises RON1.7B From Banks Via Two Bond Issues On March 14
03.14.2024
Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (March 14), selling government paper in two auctions, at annual average... more
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Banks In Romania Granted RON140B Worth Of New Loans To Households And Companies In 2023, Up 10.4% YoY
03.14.2024
New loans granted by banks in Romania to households and companies amounted to RON140 billion in 2023, which translates into an increase of 10.4%... more
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tbi bank, Present In Romania, Bulgaria And Greece, Reports Consolidated Net Profit Of EUR42.4M For 2023, Up 16% YoY
03.13.2024
tbi bank, present on the Romanian, Bulgarian and Greek markets, reported a consolidated net profit of EUR42.4 million for 2023, 16% higher than the... more
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Finance Ministry Launches New Issue of Tezaur T-Bills
03.13.2024
The Finance Ministry starting Wednesday, March 13, launched a new edition of Tezaur T-bills program, with 1 and 3-year maturities and annual... more
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VIG Group's Underwritings Grow 10% YoY To EUR14B In 2023
03.13.2024
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, reported gross written... more
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Three-Month ROBOR Stays Put At 6.08% A Year
03.12.2024
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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Marius Cara, The New Representative Of EIB Group In Romania
03.11.2024
Marius Cara is the new resident representative of the European Investment Bank (EIB) Group in Romania. more
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Finance Ministry Raises RON1.3B From Banks Via Two Bond Issues On March 11
03.11.2024
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (March 11), selling government paper in two auctions, at annual average... more
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Impact Developer & Contractor Contracts Via Branch A RON20M Loan From Vista Bank
03.09.2024
Real estate developer Impact Developer & Contractor (IMP.RO) has obtained a loan worth RON19.5 million through the branch RCTI Company, as per a... more
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OTP Bank Romania's 2023 Consolidated Net Profit Jumps Seven-Fold To Record High Of RON262M
03.08.2024
OTP Bank Romania recorded consolidated net profit of RON262 million in 2023, seven times higher than the level reported in 2022,as per the report... more
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European Investment Bank Reports Record Financing For Romanian Economy
03.08.2024
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy,... more
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Alpha Bank Ends 2023 with EUR38M Net Profit, Up 15% YOY
03.08.2024
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the... more
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Finance Ministry Raises RON1.4B From Banks Via Two Bond Issues On March 7
03.07.2024
Romania's Finance Ministry raised RON1.4 billion from banks on Thursday (March 7), selling government paper in two auctions, at annual average... more
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Shareholders To Discuss Cross-border Merger By Absorption Whereby Credit Europe Bank Romania Will Be Absorbed By Credit Europe Bank N.V.,
03.07.2024
The shareholders of Credit Europe Bank Romania will convene in extraordinary general meeting towards the end of March 2024 to discuss “the... more
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Banca Transilvania Climbs To 3rd Spot Among World's 2024 Most Powerful Banking Brands
03.06.2024
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024, as per a new report from... more
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Banca Transilvania Deputy CEO Sells RON2.5M Worth Of Bank Shares
03.05.2024
Tiberiu Moisa, Deputy CEO of Banca Transilvania (TLV.RO), the largest lending institution in Romania, sold RO2.5 million worth of the bank's shares... more
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Finance Ministry Raises RON1B From Banks Via Two Bond Issues On March 4
03.04.2024
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields... more
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Romania Forex Reserves Grow To EUR63.12B In February 2024
03.01.2024
Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank... more
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Banca Comerciala Romana Announces Launch Of BCR Romania PMI Index
03.01.2024
Banca Comerciala Romana (BCR), in collaboration with the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR),... 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.