Top Five Banks in Romania See Almost RON1.4B Profit in Q1

Top Five Banks in Romania See Almost RON1.4B Profit in Q1

05.17.2019

The largest five actors on the Romanian banking market, Banca Transilvania, BCR, BRD-SocGen, UniCredit and Raiffeisen Bank remained profitable in the first quarter of 2019, and their cumulated profit reached 1.36 billion (EUR286 million), comparable the first quarter of 2018.

ZF NEWSRSS

more news

Private Healthcare Network Regina Maria Up For Sale Private Healthcare Network Regina Maria Up For Sale

Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal

more
Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates

Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft

more
Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31 Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31

Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private

more
Nuclearelectrica Signs USD $119M Framework Agreement With General Electric Nuclearelectrica Signs USD $119M Framework Agreement With General Electric

Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /

more
Blue Air Signs New Agreement With TAROM Blue Air Signs New Agreement With TAROM

Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.

more
Romania Hotel Industry Turnover At EUR1.2B In 2018; Bucharest, Among Most Dynamic European Markets Romania Hotel Industry Turnover At EUR1.2B In 2018; Bucharest, Among Most Dynamic European Markets

The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,

more
CFA: Financial Analysts’ Confidence In Romania’s Economy Perks Up in February CFA: Financial Analysts’ Confidence In Romania’s Economy Perks Up in February

Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level

more
Canada’s Molson Coors Group, Bergenbier Owner, Leases 6,000 Sqm Within The Bridge Office Space Project Canada’s Molson Coors Group, Bergenbier Owner, Leases 6,000 Sqm Within The Bridge Office Space Project

Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in

more

Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term

The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.

Today's figure

Romania Inflation Slows to 3.3% in December

Romania's annual inflation rate slowed to 3.3% in December 2018, from 3.4% in November, data from the country's statistics board showed Monday.

more