ARB: Value Of Credit Card Transactions In Romania Doubles In Last Four Years, Reaching RON4B In 2019
03.04.2020
The value of credit card payment transactions in Romania has doubled over the last four years, reaching RON4 billion in 2019, and the number of transactions followed the same trend, reaching over 22 million, compared with 11 million in 2015, as per an analysis by the Romanian Banking Association (ARB), based on central bank statistical data.
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UniCredit Bank Supervisory Board Chairman Dan Pascariu Quits Position yesterday, 19:29
Dan Pascariu, chairman of UniCredit Bank's supervisory board, announced he was quitting the position in the board meeting held Thursday. more
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Coronavirus Crisis Depreciates Pension Fund Assets yesterday, 16:02
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the... more
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ING Bank, NGO Partners Unveil EUR330,000 Donation To Mitigate Effects Of COVID-19 Outbreak yesterday, 14:02
ING Bank Romania, alongside NGO (non-governmental organizations) partners, is announcing a donation of EUR330,000 which targets the acquisition of... more
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Banca Transilvania Donates EUR665,000 to Hospitals Fighting Covid-19 04.01.2020
Banca Transilvania, Romania's largest lender by assets, has donated EUR665,000 so far to more than 30 hospital sin the country fighting the... more
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Central Bank Recommends Banks Should Not Distribute Dividends in 2020 04.01.2020
Romania's central bank recommends commercial banks operating in Romania not to distribute dividends this year from their 2019 earnings, central... more
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Societe Generale, Majority Shareholder Of BRD, Wants 2019 Profit Of RON1.5B To Be Allotted To Retained Earnings 04.01.2020
Societe Generale, the majority shareholder of Romanian lender BRD SocGen (BRD.RO), has called on BRD shareholders to approve, in their general... more
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Central Bank Gov Says Peak Tension Caused by Covid-19 Crisis in Finance Has Passed 03.31.2020
The peak tensions generated by the Covid-19 crisis in the monetary, banking and financial sectors has been overcome and cash withdrawals have... more
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Romania Amends Loan Repayment Decree to Eliminate Additional Interest 03.31.2020
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end... more
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Banks Say General Moratorium on Loan Repayments Hurt Economic Recovery 03.30.2020
Romanian banking associations representing all banks active on the Romanian market said Monday allowing all customers to postpone bank loan... more
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Société Générale European Business Services Donates EUR100,000 For Acquisition Of Medical Equipment 03.30.2020
Société Générale European Business Services, the services company of French Société Générale Group, the majority shareholder of BRD,... more
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CEC Bank Unveils Solution Enabling Clients To Access Several Banking Services Online 03.30.2020
Romanian state-owned lender CEC Bank has recently integrated in its services portfolio a project developed by Deloitte Romania and FintechOS, which... more
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ING Sees Romania GDP Contracting 6.6% in 2020 03.27.2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second... more
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Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020 03.27.2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the... more
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Central Bank Postpones Collecting Bank Resolution Fund Contributions for Three Months 03.27.2020
Romania's central bank board held an emergency meeting Friday and analyzed a series of relevant measures from the perspective of bank resolution,... more
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Three-Month Money Market Rate Inches Down To 2.57% A Year 03.27.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to... more
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Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End 03.27.2020
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine... more
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Three-Month Money Market Rate Drops To 2.58% A Year 03.26.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to... more
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Three-Month Money Market Rate Drops To 2.60% A Year 03.25.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, fell to 2.60%... more
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Banca Transilvania Buys Back RON3.9M Worth Of Shares Via Two Transactions 03.25.2020
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, on Wednesday said it repurchased a total 2,362,282 shares worth RON3.9 million,... more
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Pension Funds Allowed to Invest Over 70% in State Paper for One Year 03.25.2020
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu... more
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%
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Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,
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BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19
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MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,
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ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank
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Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,
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Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more
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Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in
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Top 50 Romanian Brands Worth EUR5B
The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.
