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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ING Bank Romania Ends 9M 2024 with RON2.83B Revenues, Up 13.5%. Loan Portfolio Expands by 16%
today, 11:31
ING Bank Romania ended the first nine months of 2024 with RON2.83 billion revenues, up 13.5% from the year-earlier period, while its loan portfolio... more
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Three-Month ROBOR Continues to Rise, Reaches 5.87%/Year
yesterday, 14:10
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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Bank Deposits Near RON602B in October, Up 9.8% YOY
yesterday, 11:02
Household and company loans in October totaled RON601.9 billion, up 9.8% from the same period of last year (4.9% in real terms), after local... more
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Romania Private Lending Accelerates Further to 8.9% in October
yesterday, 10:50
Private lending increased by 8.9% in October against the same period of 2023, to a total of RON416 billion, after local currency loans rose by... more
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Fitch Ratings Upgrades Romanian Garanti To 'BB'; Outlook Stable
11.25.2024
International rating agency Fitch Ratings has upgraded Garanti Bank S.A.'s (GBR) Long Term Issuer Default Rating (IDR) to 'BB' from 'BB-'. and the... more
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Exim Banca Romaneasca Shareholders Approve Management Team For Next Four Years
11.25.2024
The shareholders of Exim Banca Romaneasca have approved on Monday (Nov 25) the bank's management team for the next four years. more
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Romania Rejects All Bids For April 2028 Bonds
11.25.2024
Romania's finance ministry on Monday (Nov 25) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price... more
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UniCredit Bank Completes RON750M Bond Issue, Its Largest In Romania
11.22.2024
UniCredit Bank announced successful completion of a new leu-denominated corporate (senior, unsecured ) bond issue due in five years, with a fixed... more
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tbi bank Signs Partnership Deal With DAW Management Broker Enabling Romanian Clients To Buy Insurance Via BNPL Solution
11.22.2024
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker DAW Management, whereby customers can... more
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CEC Bank Successfully Closes A New Bond Issue Worth EUR300M On International Markets
11.22.2024
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL... more
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Damen Galati Shipyards Signs EUR25M Loan Agreement With Exim Banca Romaneasca
11.21.2024
Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans... more
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Finance Ministry Raises RON752M From Banks Via Two Bond Issues On Nov 21
11.21.2024
Romania's Finance Ministry raised RON752 million from banks on Thursday (Nov 21), selling government paper in two auctions, at annual average... more
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BCR Partners Up With Softlead For SME Access To Technology And Funding
11.21.2024
Banca Comerciala Romana (BCR) and Softlead, a marketplace in Romania that helps companies to choose the right software solution, based on their... more
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Romania Banking System Boasts Record High RON11.5B Net Profit in 9M 2024
11.21.2024
The still high interest rates and continued lending aided Romania banking sector generate an RON11.5 billion record high net profit in the first... more
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EIB Lends EUR200M To Romania's Delgaz Grid For Electricity System Upgrades
11.20.2024
The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in... more
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UniCredit Bank Lists RON750M Bond Issue On Bucharest Stock Exchange On November 20
11.20.2024
A RON750 million bond issue of UniCredit Bank, part of Italy’s UniCredit Group, was registered with the Bucharest Stock Exchange on Wednesday,... more
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Nuclearelectrica Makes RON478.8M Term Deposit With Exim Banca Romaneasca
11.20.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON478.8... more
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Fitch Upgrades Banca Transilvania To 'BBB-'; Outlook Stable
11.19.2024
Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR... more
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tbi bank Posts EUR38M Net Profit In 9M 2024
11.19.2024
tbi bank, which operates on several markets including Romania, ended the first nine months of 2024 with EUR38 million net profit, 34% higher than... more
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Romania Rejects All Bids For May 2027 Bonds
11.18.2024
Romania's finance ministry on Monday (Nov 18) rejected all bids for government bonds maturing in May 2027, as it deemed the bid price unacceptable,... 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.