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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Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
03.28.2024
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the... more
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CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
03.27.2024
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro... more
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Romania Private Lending Up 4.9% YoY To RON383B In February 2024
03.26.2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March... more
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International Law Firm CMS Assists Ford Otosan Romania in Getting EUR435M Funding
03.26.2024
International law firm CMS assisted carmaker Ford Otosan Romania in obtaining a EUR435 million financing from a bank syndicate. more
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Banca Transilvania Targets RON3B Net Profit in 2024, Up 20% YOY
03.26.2024
Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase... more
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Finance Ministry Raises RON962.4M From Banks On March 25
03.25.2024
Romania's Finance Ministry raised RON962.4 million from banks on Monday (March 25, 2024), selling benchmark bonds with a scheduled value of RON500... more
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Credit Europe Bank Romania Ends 2023 with RON66.8M Net Profit, More than Double 2022 Level
03.25.2024
Credit Europe Bank Romania in 2023 generated net profit worth RON66.8 million, more than twice the 2022 level. more
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Banca Transilvania Wants To Distribute RON1B Dividends To Shareholders
03.22.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, is convening shareholders on April 25, 2024, to approve, among other things, the... more
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BCR Wants To Double Exposure To Agrifood Sector To EUR2B By End Of 2026
03.22.2024
BCR, the second largest lender in Romania by assets, plans to double exposure to the agrifood sector to EUR2 billion by the end of 2026, its... more
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Finance Ministry Raises RON1.2B From Banks On March 21, 2024
03.21.2024
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday (March 21, 2024), selling benchmark bonds with a scheduled value of RON600... more
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PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
03.20.2024
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a... more
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Lucian Anghel Gets Central Bank Approval To Become Deputy CEO Of Libra Internet Bank
03.20.2024
Lucian Anghel, who ran Banca Romaneasca between January 2020 and December 2022 has received approval from Romania’s central bank to become deputy... more
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Romgaz Makes RON201M Term Deposit With Exim Banca Romaneasca
03.20.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (March 20) announced its shareholders in a stock market report that it... more
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Banca Transilvania To Repurchase Shares Worth Maximum RON60M
03.20.2024
Banca Transilvania (stock symbol: TLV), the largest lender in Romania, by assets, has announced that its Board of Directors decided on March 19,... more
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CEC Bank Climbs To 3rd Place Among Lenders in Romania, Outranks BRD
03.19.2024
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by... more
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Omniasig Reports Gross Written Premiums Of RON2.4B For 2023, Up 12% YoY
03.19.2024
Omniasig, the largest company in the local portfolio of Austria's Vienna Insurance Group (VIG), ended 2023 with an increase of 12% in gross written... more
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Leonardo Badea (Central Bank): Perspectives For Development And Consolidation Of Financial System Of Republic Of Moldova
03.19.2024
On March 19, the closing event of the twinning project financed by the European Union “Consolidation of supervision, corporate governance and... more
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MedLife Supplements Syndicated Loan By EUR50M To Total Value Of EUR268M
03.19.2024
Private medical services operator MedLife announced on March 19 the signing of the addendum regarding the increase of the credit limit by an... more
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CEC Bank Reports RON515M Estimated, Unaudited Net Profit, Up 15% for 2023
03.19.2024
CEC Bank, a lending institution controlled by the Romanian state via the Finance Ministry, in 2023 registered an estimated unaudited net profit... more
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Romania's Central Bank Approves Appointment Of Valentin Vancea As CEO Of Patria Bank
03.19.2024
Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment... 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.