12.07.2023

Romania has made impressive strides in its economic performance over the last decades, but the country is still facing a large convergence gap with EU living standards, and wide regional and social more

12.07.2023

Raiffeisen Bank Romania and Raiffeisen Bank International granted a EUR60 million loan for the development of the largest photovoltaic park of Romania and Southeastern Europe, which became operational more

12.06.2023

State-run nuclear power producer Nuclearelectrica (SNN.RO) made a term deposit of 50 million Canadian dollars (equivalent of RON169.5 million) with state-run lender CEC Bank on Dec 5, the company more

11.28.2023

State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75 million) with state-run lender CEC Bank. more

11.27.2023

Real estate developer Impact Developer & Contractor (IMP.RO) announced in a stock market report on Monday (Nov 27) that it had concluded an agreement with Garanti Bank for a working capital-type loan more

11.27.2023

Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania. more

11.24.2023

UniCredit Bank has successfully concluded a new issuance of senior unsecured corporate bonds in RON, carried out during the 21 – 24 November 2023 period. more

11.22.2023

The significant rise in banks’ revenue along with the rise in interest rates and continued lending helped Romania’s banking system make a record net profit of more than RON10 billion (EUR2 more

11.22.2023

The National Bank of Romania approved the appointment of Maria Rousseva for the position of Chief Executive Officer (CEO) of BRD-Groupe Societe Generale, for a four-year term, in line with a report more

11.21.2023

Personal need loans remain among the most sought-after banking services, with almost 70% of Romanians saying they want this type of loan and over 60% saying they want a simpler and faster application more

11.21.2023

Libra Internet Bank, a member of U.S. investment group New Century Holdings, has convened the Extraordinary General Meeting (EGM) of Shareholders for December 22, 2023, the company said in a report to more

11.20.2023

Global law firm Dentons has advised CEC Bank on raising over EUR162 million through a tap of its February 2028 senior non-preferred MREL (Minimum Requirement for Own Funds and Eligible Liabilities) more

11.17.2023

ProCredit Bank Romania has lent EUR3.15 million to nextE group for the construction of a photovoltaic station with an installed power of 7.4 MWp in Bistrita Nasaud county. more

11.16.2023

Corrugated cardboard maker Vrancart (VNC.RO) has contracted a credit facility of EUR21.4 million from ING Bank to support the company's growth. more

11.16.2023

CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior non-preferred MREL Eligible Notes issue from February 2023. more

11.16.2023

Idea Bank, which Banca Transilvania acquired two years ago, will change its name to Salt Bank and will become the first 100% digital bank made in Romania. more

11.15.2023

Lender Patria Bank (PBK.RO), held by Emerging Europe Accession Fund (EEAF), ended the first nine months of 2023 with RON15 million net profit, the same as in the year-ago period (RON14.9), it said in more

11.13.2023

Romania's current account balance posted a deficit of EUR16.05 billion in January-September 2023, lower by 24% than the EUR21.14 billion level reported in the same period of 2022, central bank data more

11.13.2023

OTP Bank Romania in the first nine months of 2023 posted RON236 million consolidated net profit. more

11.10.2023

Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November more

11.08.2023

Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%. more

11.03.2023

Alpha Bank, a top ten lender by assets in Romania, posted EUR34 million net profit in the first nine months of 2023, while its assets reached EUR4.48 billion at the end of September, an annual more

11.03.2023

Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45% from the gain of the same period of 2022. more

11.02.2023

Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum. more

11.01.2023

Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business. more