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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tbi bank Ends H1 2024 With EUR23.2M Net Profit
09.02.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of... more
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Finance Ministry Raises Nearly RON950M From Banks Via Two Bond Issues On Sept 2
09.02.2024
Romania's Finance Ministry raised RON945.2 million from banks on Monday (Sept 2), selling government paper in two auctions, at annual average... more
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Romania Forex Reserves Shrink To EUR63.1B In August 2024
09.02.2024
Romania's foreign exchange reserves decreased by EUR392 million over the course of August 2024, down to EUR63.1 billion at the end of the month,... more
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Libra Internet Bank Ends H1/2024 with RON50M Net Profit, RON11.6B Total Assets
08.30.2024
Libra Internet Bank, part of US investment group New Century Holdings (NCH), in the first half of 2024 registered RON149.5 million net profit, down... more
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Chimcomplex Calls Shareholders To Vote On Extension Of EUR40M Loan Facility From CEC Bank
08.28.2024
The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among... more
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Allianz-Tiriac Asigurari Ends H1 2024 With Over RON1.8B Gross Written Premiums
08.28.2024
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago... more
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Salt Bank Sees RON31M Losses In H1 2024
08.27.2024
Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange,... more
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ING Bank Romania Ends H1/2024 with 9.6% Higher Revenues; Gross Profit Down on Turnover Tax
08.27.2024
ING Bank Romania saw its revenues rise 9.6% in the first half of 2024, to RON1.79 billion, supported by the rising number of clients and expansion... more
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Revolut Gets Beyond 4 Million Retail Client Threshold in Romania
08.26.2024
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second... more
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UniCredit Bank Makes RON947M Consolidated Net Profit In H1, Up 43% YoY
08.23.2024
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the... more
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Vegetable Oil Producer Argus Constanta Borrows RON67M From Banca Transilvania
08.22.2024
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of... more
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Alina Iacomi Appointed Chief Operating Officer At ING Italy
08.22.2024
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer... more
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Uniqa Asigurari and Uniqa Asigurari de Viata Report Overall Gross Underwritten Premiums of EUR67M in H1/2024, up 18% YOY; Net Profit Hits EUR8.5M
08.22.2024
Uniqa Asigurari and Uniqa Asigurari de Viata, the local companies part of Austrian group Uniqa, ended the first half of 2024 with cumulated gross... more
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Israel’s Nofar Energy Gets EUR122M From EBRD And Raiffeisen International To Fund Two PV Parks In Romania
08.21.2024
Israel’s Nofar Energy, one of the leading renewable energy investors in Romania, has signed a loan facility agreement and a VAT facility... more
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Romania Banking System Rakes in Record High RON7.5B Profit in H1/2024
08.21.2024
The still high interest rates and sustained lending helped Romania’s banking system reach a record high net profit f RON7.5 billion in the first... more
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Banca Transilvania Sees 42% Rise In Net Profit To RON1.8B In H1 2024
08.20.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, ended the first half of 2024 with a consolidated net profit of RON2.1 billion, up from... more
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Romania’s Central Bank Expects Inflation To Drop To 4% In December 2024 And 3.4% At End Of 2025
08.20.2024
Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the... more
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BRD Concludes New Partnership Agreement With European Investment Fund To Guarantee Loans Funding Sustainable Projects
08.20.2024
BRD Groupe Société Générale has concluded a new partnership agreement with the European Investment Fund (EIF) which will enable it to guarantee... 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.