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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Alpha Bank Posts EUR20M Pre-Tax Profit in Jan-Sep yesterday, 16:41
Alpha Bank, a top ten lender in Romania by assets, posted pre-tax profit of EUR20 million in the first nine months, more than in the year-ago period. more
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Former Head of Telekom Romania’s B2B Unit Ovidiu Ghiman Launches Crowdfunding Platform Ronin yesterday, 15:51
Ovidiu Ghiman, one of the best-known executives in the local communications industry and former head of B2B unit of Telekom Romania group, has... more
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Most Profitable Large Banks in Romania in Jan-Sept 2021: Top 3 Banks Hit RON3.5B Cumulated Profit yesterday, 10:19
Most large banks reported rising profits in the first nine months of 2021 compared with the same period of 2020 amid the waning fallout of the... more
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1,044 Bankers Left System and 184 Branches Closed Down in One Year 11.30.2021
A number of 1,044 employees left the Romanian banking system and 184 subsidiaries and branches closed down in the period between the first nine... more
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Libra Internet Bank's New Bond Issue Worth EUR40M To Start Trading On Bucharest Stock Exchange On Dec 3 11.29.2021
The Bucharest Stock Exchange on Monday said the bonds issued by Libra Internet Bank worth EUR40 million would start trading on the Main Market on... more
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Three-Month ROBOR Grows To 2.66% A Year On Nov 29 11.29.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Transgaz Signs RON220M Loan Agreement with BCR 11.26.2021
National natural gas transmission company Transgaz (TGN.RO) signed on Thursday a 12-year RON220 million loan agreement with Banca Comerciala Romana... more
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Standard and Poor’s Upgrades BSTDB’s Credit Rating To “A/A-1” 11.25.2021
The Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings... more
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Romania Raises RON214M Selling June 2026 Bonds At 5% Average Yield 11.25.2021
Romania’s Finance Ministry has reopened a bond issue due in June 2026 and raised RON214 million from banks on Thursday, lower by RON286 million... more
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UniCredit Bank Opens Mortgage Center In Bucharest 11.25.2021
Lender UniCredit Bank has opened the first Mortgage Center, in Bucharest’s Charles de Gaulle Square, which is intended exclusively for the... more
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ING Bank Ends 3Q/2021 with RON630M Net Profit, Up 42% from 3Q/2020 11.25.2021
ING Bank ended the third quarter of this year with total revenues worth RON1.7 billion, up 9%, and net profit of RON630 million, 42% higher than in... more
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Allianz-Tiriac Gets All Necessary Approvals to Buy Gothaer Asigurari 11.24.2021
Allianz-Tiriac, an insurance company part of Germany’s Allianz group, has received approval from both the Competition Council and the Financial... more
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Volt Application Targets Over 150,000 Users In 2022, 170% More Than In 2021 11.24.2021
Volt application targets over 150,000 users in 2022, 170% more than in 2021, after reaching over 40,000 unique accounts in the first ten months of... more
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0.5% in Banca Transilvania Change Hands on Bucharest Stock Exchange in Largest Deal Since 2016 11.23.2021
A 0.5% stake in Banca Transilvania (TLV.RO) or about 33 million shares changed hands in the afternoon of Tuesday's trading session, in two... more
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Uniqa Asigurari, Uniqa Asigurari de Viata’ Combined Underwritings Up 11.3% YoY To EUR78M For Jan-Sept 2021 11.23.2021
Austria’s Uniqa Group, which owns in Romania a general insurance division (Uniqa Asigurări) and a life insurance division (Uniqa Asigurari de... more
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Romania Banking System Hits Record Profit Of RON6.4B In Jan-Sept 2021, Up 36% YoY 11.23.2021
The net profit generated by the entire Romanian banking system at the end of the first nine months of 2021 reached a record high of around RON6.4... more
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Romania Raises RON700M Selling Oct 2027 Bonds At 5.11% Average Yield 11.22.2021
Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON700 million from banks on Monday (Nov 22), above the targeted... more
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ZebraPay Gets EUR0.5M Loan From Banca Transilvania For Business Expansion 11.19.2021
ZebraPay, the leader of the local ATM market, with over 6,000 SelfPay payment stations nationwide, has contracted a loan of EUR0.5 million from... more
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EBRD Invests EUR10M In Autonom Services’ EUR48M Bond Issue 11.19.2021
The European Bank for Reconstruction and Development (EBRD) has invested EUR10 million in a EUR48 million sustainability-linked bond issued by... more
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Romania Raises RON544M Selling July 2029 Bonds At 5.26% Average Yield 11.18.2021
Romania's finance ministry has reopened a bond issue due in July 2029 and raised RON544.3 million (EUR109.9 million) from banks on Thursday, above... more
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809
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Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of
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Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if
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Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric
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Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park
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Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into
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The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future
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The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared
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Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates
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One in Ten Tourism Employees Exited Sector in 2020
One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data.