05.30.2022

APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed more

05.27.2022

Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first quarter of 2022, up 143% from EUR2.3 million in the more

05.23.2022

The Board of Directors of Romania’s central bank has established a Payments Committee. more

05.20.2022

The Board of Romania’s central bank is not that optimistic about the trend of the inflation, which will continue to remain extremely high until June 2023. The latest data show inflation will reach more

05.20.2022

CEC Bank posted RON54.2 million net profit in the first quarter of 2022, as well as RON50.4 billion assets, an increase of 19% on the year-ago period, higher than the overall banking system’s more

05.19.2022

United Romanian Breweries Bereprod (URBB), a brewer whose portfolio includes brands such as Tuborg, Carlsberg and SKOL, has contracted a loan of over EUR20 million from ING Bank Romania, which will be more

05.17.2022

Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), and Romanian lender TechVentures Bank have concluded a partnership to more

05.17.2022

The number of eurozone businesses and households unable to make repayments on their bank loans is set to rise, according to the first EY European Bank Lending Economic Forecast. more

05.17.2022

Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from financial activity affected by market conditions and more

05.12.2022

Romania’s central bank has revised upwards its annual inflation rate forecast to 12.5% for the end of 2022 and to 6.7% for the end of 2023, the bank’s governor Mugur Isarescu told a news more

05.11.2022

First Bank (the former Piraeus Bank), held by American private equity investment firm J.C. Flowers, on Wednesday said it recorded a net profit of RON57.1 million for 2021, significantly higher than more

05.10.2022

Romania's central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from the current rate of 3% a year, starting May 11, 2022. more

05.06.2022

OTP Bank Romania registered a loss of RON24 million in the first quarter of 2022, predominantly impacted by risk costs, according to the report published in Budapest, which presents the consolidated more

05.03.2022

Beginner entrepreneurs in Romania may enroll between May 2 - 20, 2022 into the Startup Studio by Factory program launched by Raiffeisen Bank, within which business ideas are debated with mentors and more

05.03.2022

Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers. more

05.02.2022

Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020. more

04.19.2022

Banca Transilvania (BT.RO), the largest bank in Romania by assets, will be finalizing the integration of Idea Bank into Banca Transilvania financial group on June 13, 2022, almost one year since the more

04.15.2022

Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.” more

04.15.2022

Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with more

04.13.2022

Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating assigned to the mortgage covered bonds issued by lender Alpha Bank Romania. more

04.11.2022

OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes more

04.11.2022

The World Bank downwardly revised its growth forecast for Romania's economy to 1.9% for 2022 from a previous projection of 4.3% in January, as per a report analyzing Ukraine war fallout over Eastern more

04.08.2022

David Malpass, President of the World Bank Group, will arrive in capital Bucharest on Wednesday, April 13, 2022, for a two-day visit, which will be his first trip to Romania as World Bank Group more

04.08.2022

Tradesilvania, the premium platform for investing in digital goods, has concluded a new strategic partnership with TechVentures Bank whereby Romanians will be able to safely access digital assets. more

04.06.2022

Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable from more