Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial
02.15.2019
Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark rates on the interbank money market rates such as the three-month Robor index.
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All Money Market Rates Fall Monday today, 14:27
The three-month money market interest rate used to calculate interests for consumer loans in lei, fell to 3.14% a year on Monday, from 3.17% a year... more
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Foreign Shareholders Contributed EUR274M to Capital of Local Financial Companies in 2018 02.15.2019
The foreign investors who own businesses on the Romanian financial market contributed about EUR274 million to their capital last year, almost... more
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Finance Ministry Rejects All Bids on 11-Month T-Bills 02.14.2019
Romania's finance ministry on Thursday rejected all bids for 11-month treasury bills after raising a, central bank data showed. more
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Romania Raises RON320M Selling June 2024 Bonds at 4.29% Average Yield 02.14.2019
Romania's finance ministry on Thursday raised 320 million lei (EUR67.4 million) selling treasury bonds maturing in June 2024, the new five-year... more
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Three-Month Money Market Rate Keeps Upward Trend, Reaches 3.17% 02.14.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, grew to 3.17% a year on Thursday, from 3.15% a... more
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Finance Ministry Official Says Bank Tax on Assets is Quarterly 02.14.2019
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said... more
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Consumer Loan Firm BRD Finance Appoints Marc Rey As General Manager 02.13.2019
BRD Finance, one of the leading players on the consumer loan market, held by BRD - Groupe Société Générale, has appointed Marc Rey as general... more
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Three-Month Money Market Rate Grows To 3.15% 02.13.2019
The three-month money market interest rate used to calculate interests for consumer loans in lei, grew to 3.15% a year on Wednesday, the highest... more
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Romania’s Banking System Profit Hits Record High of Over RON7B in 2018 02.13.2019
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit... more
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Isarescu Says Bank Tax Is an Attack on Central Bank Independence 02.12.2019
Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders... more
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Central Bank Governor Tells Senators How ROBOR Index Works 02.12.2019
The money market interest rate known as ROBOR was not manipulated, central bank governor Mugur Isarescu told members of the Senate's budget and... more
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Isarescu: Numbers Don’t Show Romania’s Banking System Is The Most Profitable 02.11.2019
Romanian central bank governor Mugur Isarescu on Monday said the profits of banks in Romania are not as big as they are publicly presented or... more
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Romania Raises RON334.1M Selling April 2026 Bonds at 4.5% Average Yield 02.11.2019
Romania's finance ministry on Monday raised 334.1 million lei (EUR70.4 million), a bit higher than its plan of RON300 million, selling treasury... more
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Investors in Bank Stocks Gain 20% in Bucharest Stock Exchange’s Best Week Since 2010 02.11.2019
Banca Transilvania, and BRD, the most traded stocks on the Bucharest Stock Exchange, gained up to 20% last week, as more and more investors expect... more
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Romanian Central Bank Admits Intervention to Curb Currency Fall 02.07.2019
Romania's central bank intervened in the second half of January to curb the rapid depreciation of the Romanian leu to the euro, central bank... more
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Romania Central Bank Sees Inflation Declining in Next Three Quarters 02.07.2019
Romania's central bank expects annual inflation to decline further during the next three quarters to values even slightly below the ones... more
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BRD CEO François Bloch Convinced Romania's Tax On Bank Assets Will Be Changed Or Scrapped 02.07.2019
François Bloch, Chief Executive Officer of BRD-SocGen, the third largest bank in Romania by assets, told a press statement on Thursday that he is... more
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Romanian Central Bank Keeps Key Rate Unchanged at 2.5% a Year 02.07.2019
Romania's central bank on Thursday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year, the bank said... more
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BRD-Groupe Société Générale Posts Record Profit, Of RON1.54B, In 2018 02.07.2019
BRD - Groupe Société Générale, the third largest bank in Romania by assets, reported a net profit of RON1.54 billion in 2018, up 12% compared... more
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Banks in Romania Paid RON1.2B Tax on Profits in 2018 02.07.2019
The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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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.
