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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Three-Month ROBOR Ends 2024 At 5.92% From 6.21% At The Beginning Of The Year
12.31.2024
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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Romgaz Makes RON170M Deposit With Exim Banca Romaneasca
12.27.2024
Natural gas producer and supplier Romgaz (SNG.RO) on Friday announced having made a term deposit without auto-renewal option of RON170 million with... more
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Bank Deposits Hit almost RON615B in November, Up 10.6% YOY
12.27.2024
Population and company deposits in November totaled RON614.4 billion, up 10.6% from the same period of 2023 (5.2% in real terms), after local... more
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Romania Private Lending Annual Growth Slows Down in November to 8.8%
12.27.2024
Private lending rose by 8.8% in November against the same period of 2023, to a total amount of RON418 billion, after local currency loans increased... more
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Grup Serban Holding Gets EUR73M Syndicated Loan From Banca Transilvania, BRD, Raiffeisen Bank
12.24.2024
Entrepreneurial company Grup Serban Holding (stock symbol: GSH), which operates in agriculture, has announced in a stock market report on Dec. 23... more
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Profi Gets EUR20M Loan From Banca Transilvania, EBRD Guarantees Up To EUR10M
12.23.2024
The European Bank for Reconstruction and Development (EBRD) has announced in a press statement a partnership with lender Banca Transilvania to... more
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UniCredit Bank Lists LEI 750M Bond Issue on Bucharest Stock Exchange
12.23.2024
UniCredit Bank, part of the UniCredit Group and one of the largest banking institutions in Romania, is listing a new corporate bond issue worth... more
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Impact Developer Contracts EUR7M Credit Facility From Libra Internet Bank For Its Current Activity
12.20.2024
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has concluded an agreement with Libra Internet Bank for the granting of a... more
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CEC Bank Lists New Issue Of Bonds On Bucharest Stock Exchange On Dec 20, Amounting To EUR300M
12.20.2024
CEC Bank, the third largest bank in Romania by assets, is listing on Friday (Dec.20), on the Regulated Market of the Bucharest Stock Exchange (BVB)... more
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Finance Ministry Raises RON500M From Banks On Dec. 19
12.19.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Dec. 19, 2024) selling benchmark bonds, at an annual average yield of 7.24%. more
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Allianz-Tiriac Reports Total Underwritings Of RON2.7B For Jan-Sept 2024, Up 6% YoY
12.19.2024
Allianz-Tiriac, the second largest insurer in Romania, ended the first nine months of 2024 with a sales volume of RON2.7 billion, up 6% from the... more
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OTP Bank Romania Becomes Banca Transilvania On February 28, 2025
12.18.2024
The shareholders of Banca Transilvania (stock symbol: TLV) have approved BT’s merger with OTP Bank Romania within the Extraordinary General... more
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BCR And Erste Group Bank AG Grant EUR107.23M To Enery For Renewable Energy Projects In Romania
12.18.2024
Banca Comerciala Romana (BCR) and Erste Group Bank AG have provided EUR107.23 million financing to Enery, a key player in the renewable energy... more
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Garanti BBVA Leasing Borrows EUR10M From EFSE To Support Microenterprises And SMEs In Romania
12.18.2024
Garanti BBVA Leasing, part of Garanti BBVA Group Romania, has entered into a new finance agreement with the European Fund for Southeast Europe... more
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Salt Bank Overshoots 330.000 Clients In Just 8 Months Since Its Launch; Eyes 1 Million Clients In Next 3 Years
12.18.2024
Salt Bank, the first Romanian neobank, fully owned by Banca Transilvania Financial Group, has gone beyond 330,000 clients after the first eight... more
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BRD Sogelease IFN Gets EUR70M Loan from EIB To Fund Romania SMEs
12.17.2024
BRD Sogelease IFN has contracted a EUR70 million loan from the European Investment Bank (EIB) to the end of boosting funding for a series of local... more
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Signal Iduna Readies To Enter Romania RCA Segment
12.17.2024
Signal Iduna, leader of the local health insurance market, is assessing opportunities on the auto liability insurance (RCA) market in Romania amid... more
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Finance Ministry Raises RON1.93B From Banks Via Two Bond Issues On Dec. 16
12.16.2024
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (Dec.16), selling government paper in two auctions, at annual average yields... more
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tbi bank: 6 In 10 Romanians Earmark Less Than RON700 For Christmas Gifts In 2024, Similar To 2023 Level
12.16.2024
The average budget for Christmas gifts in 2024 reaches RON700 at most for six in ten Romanians, similar with last year's budget, according to a... more
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European Bank for Reconstruction and Development Provides Guarantee On EUR40M Loan To Omnia Romania
12.13.2024
Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the... 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.