Raiffeisen Bank Net Profit Falls 21% YoY To RON140M I 1Q/2020
05.14.2020
Raiffeisen Bank reported a net profit of RON140 million in the first quarter of 2020, down 21% on the year, according to financial data presented in a video conference by Raiffeisen Bank Vice-President Mihail Ion.
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World Bank Promotes Romania to High Income Group 07.03.2020
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data. more
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Transgaz Seeks RON300M Working Capital Loan 07.03.2020
Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its working capital. more
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Romanian Households Reach Net Wealth of RON2,157B in 2019 07.03.2020
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%,... more
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ING: Four in 10 Romanians Spent Less, Three in 10 Saved More in Lockdown 07.02.2020
Approximately 46% of Romanians said they spent less during the coronavirus lockdown, above the EU average of 44%, and 31% said they saved more,... more
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Raiffeisen Bank Approves 1,000 Loans Worth RON500M Via IMM Invest Romania Program 07.02.2020
Raiffeisen Bank has approved 1,000 loans through the IMM Invest government program, in the amount of RON500 million. more
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EBRD, EIB Grant EUR12.5M Financing To Romania’s Agricover Credit IFN 07.01.2020
Agricover Credit IFN, a subsidiary of Agricover Holding, has received a financing of EUR12.5 million from the European Bank for Reconstruction and... more
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Lender BRCI Re-Enters Financial Retail Market 07.01.2020
Romanian lender Banca Romana de Credite si Investitii (BRCI) is re-entering the financial retail market and opening its first new unit, in Galati. more
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Mediclim Gets EUR1M Loan From ING Bank To Equip, Commission Seven COVID-19 Testing Laboratories 07.01.2020
ING Bank Romania has granted a loan of EUR1 million to laboratory equipment and reactors distributor Mediclim to enable the latter to equip and put... more
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Romania's Forex Reserves Drop to EUR35.002B in June 07.01.2020
Romania's foreign exchange reserves dropped to EUR35.002 billion at the end of June from EUR35.646 billion at the end of May, central bank data... more
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ING Bank Romania Cuts Mortgage Loan Interest Rate For Customers Opting For Downpayment Of At Least 25% 06.30.2020
ING Bank Romania is launching an offer for mortgage loans for customers opting for a downpayment of at least 25%, offering them a 0.5% interest... more
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Romania Resumes Bond Sales to General Population 06.30.2020
Romania's finance ministry is resuming its bond sale program to the general population Wednesday, July 1, with one, two, three and five-year... more
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Central Bank Sees Mounting Systemic Risks to Romania's Financial Stability 06.30.2020
Two severe risks to Romania's financial stability are a rise in global uncertainty and fast deterioration of investor sentiment towards emerging... more
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Romanian Insurance Market Seen Down 15% in 2Q, Recovering in 3Q 06.29.2020
The Romanian insurance market, which grew 10% in the first quarter, is expected to post a decline of 15% in the second quarter due to pandemic... more
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Top Banks in Romania in 2019: Banca Transilvania Leads, ING Climbs to 4th Spot 06.26.2020
Banca Transilvania remained Romania's top lender in 2019, while ING climbed to the fourth position, overtaking UniCredit and Raiffeisen, according... more
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Romania's Central Bank Posts RON1.8B Profit in 2019, Up 52% on Year 06.26.2020
Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank... more
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Romania Raises RON940M Selling April 2024 Bonds at 3.51% Average Yield 06.25.2020
Romania's finance ministry on Thursday raised 940 million lei (EUR194 million), versus a RON500 million target, selling bonds maturing in April... more
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Nuclearelectrica Deposits RON52M at Eximbank for One Year 06.25.2020
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Thursday it has deposited nearly RON52 million for a one-year period at... more
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Central Bank Survey: Banks Envisage Harsher Lending Conditions For Firms, Households In Q2/2020 06.25.2020
In a survey conducted by Romania's central bank in April 2020, banks estimated the lending standards and the terms of loan contracts for companies... more
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Romania Private Lending Drops 0.7% on Month in May 06.24.2020
Private lending in Romania declined 0.7% in nominal terms and 0.8% in real terms in May compared with April, to RON269.146 billion, central bank... more
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Over 7,400 SMEs Got Funding Totaling RON6.2B via Government Program 06.23.2020
Romania has approved 7,418 loans totaling over RON6.2 billion through the government's IMM Invest program for SMEs by Tuesday, the national... more
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its
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Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from
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Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an
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The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 32,033 vehicles in March-April 2020 period,
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Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and
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Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020
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One United Properties, the most active developer on the local market with six construction sites open, has sold 30% in One [Floreasca]
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Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view
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Colliers: 9 in 10 Office Building Tenants Expect to Return to Offices in Summer
Nearly 70% of office owners and tenants expect the Covid-19 pandemic will affect their activity all year and estimate the first signs of recovery no sooner than 2021, according to a poll by Colliers among 60 owners and over 100 tenants, 30% of which are companies with over 1,000 employees.
