Romania Banking System Average NPL Rate Grows to 5.77% in July
09.20.2018
Romania's banking sector had an average non-performing loan (NPL) rate of 5.77% at the end of July, 0.06 points higher than in June, central bank data showed.
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GfK: Nearly Half of Romanians Want to Get Loans in Next 6 Months yesterday, 17:51
Around 44% of Romanians intend to get a loan in the next six months and just 8% are completely certain they won't resort to this financing option,... more
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Romania Raises RON697.8M Selling Oct 2020 Bonds 3.48% Average Yield yesterday, 14:15
Romania's finance ministry on Monday raised an above-plan 697.8 million lei (EUR150 million) selling treasury bonds maturing in October 2020 at an... more
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Romania’s Economy Grew More Than China’s or Japan’s in 1913-2013 yesterday, 07:00
Over a century, between 1913 and 2013, Romania’s GDP per capita rose faster than China’s or Japan’s, as the room for growth was greater. Back... more
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OTP Chairman Sándor Csányi Plans To Develop Real Estate Projects In Oradea 12.07.2018
Sándor Csányi, one of the richest men in Hungary and also the chairman of OTP Bank has real estate operations in Romania, having got two plots of... more
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Alpha Bank Seeks to Launch First Covered Bonds Program in Romania 12.06.2018
Lender Alpha Bank is preparing to launch the first covered bonds issue in Romania after its shareholders approved a program with a maximum... more
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EBRD Grants EUR15M Loan to Craiova City for Urban Infrastructure Upgrades 12.05.2018
The European Bank for Reconstruction and Development (EBRD) has granted a EUR15 million long-term loan to the city of Craiova to buy... more
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Romania Insurance Market Up 2.1% To RON7.47B In January-September 2018 12.04.2018
Insurance companies licensed and regulated by Romania’s Financial Supervisory Authority (ASF) underwrote gross premiums of RON7.47 billion in the... more
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Antitrust Body Fines Insurers Association, Nine Insurance Companies EUR53M 12.04.2018
Romania's antitrust body has fined nine insurance companies and the local association of insurance companies UNSAR a total of RON246.7 million... more
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Romania Raises RON494M Selling Apr 2026 Bonds at 4.67% Average Yield 12.03.2018
Romania's finance ministry on Monday raised 494 million lei (EUR106.08 million) selling treasury bonds maturing in April 2026 at an average yield... more
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Romania Forex Reserves Grow to EUR32.531B in November 12.03.2018
Romania's foreign exchange reserves grew to EUR32.531 billion end-November, from EUR32.369 billion at the end of October, central bank data showed... more
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Wallberg Group Gets EUR5.2M Loan from Garanti Bank for Timisoara XCity Towers 11.28.2018
Real estate group Wallberg Properties, owned by local entrepreneur Valentin Morar, has secured a EUR5.8 million loan from Garanti Bank for its... more
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VIG Posts EUR72.2M Loss in Romania in Jan-Sept 11.28.2018
Austria's Vienna Insurance Group (VIG), which controls companies Omniasig, Asirom and life insurer BCR Asigurari de Viata in Romania, on Wednesday... more
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Start of First Bank Era After Piraeus Bank 11.28.2018
First Bank (formerly Piraeus Bank) that US private equity firm J.C. Flowers & Co bought has officially entered the American age. The bank... more
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Isarescu: Euro Area Not Cozy for Economies with Lagging Competitiveness 11.27.2018
The euro area is not a cozy place for economies with lagging competitiveness or rigid markets and euro adoption involves a permanent commitment,... more
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Three-Month Money Market Rate Drops To 3.16% 11.27.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei, fell to 3.16% a year on Tuesday, from 3.20% a... more
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OTP Bank, Merkantil Bank Zrt Boost OTP Leasing Romania’s Share Capital By RON5.5M 11.26.2018
OTP Leasing Romania increased its share capital by RON5.52 million, through cash contribution, with OTP Bank Romania participating in the operation... more
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Romania Raises RON622.2M Selling Feb 2029 Bonds at 5.01% Average Yield 11.26.2018
Romania's finance ministry on Monday raised an above-plan 622.2 million lei (EUR133.5 million) selling treasury bonds maturing in February 2029 at... more
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Romania Raises RON600M Selling One-Year T-bills at 3.32% Average Yield 11.26.2018
Romania's finance ministry on Monday raised a planned 600 million lei (EUR128.8 million) selling treasury bills with one-year maturity at an... more
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Romania Private Lending Grows 0.8% on Month in October 11.26.2018
Romanian private lending grew 0.8% (0.3% in real terms) in October compared with September, to RON249.62 billion, central bank data showed Monday. more
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Romanians May Buy Two-Year Household Bonds at 4.5% Interest Starting Nov 26 11.26.2018
Romania's finance ministry has launched a new household bond issue to mark the country's centennial and Romanians may buy two-year bonds at an... more
The non-performing loan rate in Romania's banking system stood at 5.56% at the end of the third quarter of 2018, down 15 basis points
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State-run chemical plant Oltchim on Tuesday notified chemical producer Chimcomplex Borzesti, which had bought a large part of
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Insurance companies licensed and regulated by Romania’s Financial Supervisory Authority (ASF) underwrote gross premiums of RON7.47
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Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual
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Foreign direct investments (FDIs) in the four counties in Romania’s West Region - Timis, Arad, Hunedoara and Caras-Severin- doubled
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Belgian real estate developer has started work on Record Park, the first mixed-use urban regeneration project in Cluj-Napoca, in a
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The number of hotels in Romania will increase in the next two years by 11 new units affiliated to international chains, of which seven
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French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
