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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BRD Sees Net Profit Down 5% To RON326M, New Loans Up In Q1
05.02.2024
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million,... more
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Romania Forex Reserves Shrink To EUR62.5B In April 2024
05.02.2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on... more
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CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%
05.02.2024
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million... more
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Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023
05.02.2024
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from... more
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Competition Council Assesses Takeover Of Debt Portfolio Of BRD Finance IFN By EOS Group
04.30.2024
The Competition Council assessesthe transaction whereby the EOS Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take... more
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Three-Month ROBOR Ends April At 6.05%/Year
04.30.2024
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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BCR Group Q1/2024 Net Profit Up 10% To RON620M
04.30.2024
BCR group in the first quarter of 2024 posted net profit worth RON620 million (EUR125 million), up 10.1% from the year-earlier period, amid... more
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NN Romania Pays Over EUR25M In Total Compensations To Health Insurance Clients
04.30.2024
NN Romania and ING Bank Romania have assisted more than one million clients in benefitting from financial protection through the solutions... more
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Finance Ministry Raises Nearly RON961M From Banks Via Two Bond Issues On April 29
04.29.2024
Romania's Finance Ministry raised RON961 million from banks on Monday (April 29), selling government paper in two auctions, at annual average... more
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CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
04.26.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in... more
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Raiffeisen Set to Send RON860M Worth of Dividends to Vienna, Half 2023’s Record High Profit
04.26.2024
Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record... more
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BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit
04.26.2024
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of... more
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Banca Transilvania Gets Shareholder Approval To Distribute RON1B Dividends, To Boost Share Capital By RON1.2B
04.25.2024
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their... more
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Finance Ministry Raises RON1.39B From Banks On April 25
04.25.2024
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average... more
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Kearney: Romanian Banks Registered Above Average Income Growth Vs European Peers In 2023
04.24.2024
Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in... more
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Romania Private Lending Up 4.7% YoY To RON387B In March 2024
04.24.2024
Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24,... more
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NN Asigurari de Viata Ends 2023 with RON102M Net Profit, Up 12% YOY
04.24.2024
NN Asigurari de Viata, leader of Romania’s life insurance market, ended 2023 with net profit worth almost RON102 million, up 12% from 2022. more
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Eurowind Energy Signs EUR65M Loan Facility With BCR And Erste Group
04.22.2024
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga,... more
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Finance Ministry Raises RON600.5M From Banks On April 18, 2024
04.18.2024
Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million... more
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BCR Launches George SmartEU To Ease Entrepreneurs' Access To Information About Financing Programs Via EU Or National Funds
04.18.2024
Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that... 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.