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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CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
yesterday, 10:57
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in... more
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Raiffeisen Set to Send RON860M Worth of Dividends to Vienna, Half 2023’s Record High Profit
yesterday, 10:05
Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record... more
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BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit
yesterday, 00:44
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of... more
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Banca Transilvania Gets Shareholder Approval To Distribute RON1B Dividends, To Boost Share Capital By RON1.2B
04.25.2024
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their... more
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Finance Ministry Raises RON1.39B From Banks On April 25
04.25.2024
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average... more
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Kearney: Romanian Banks Registered Above Average Income Growth Vs European Peers In 2023
04.24.2024
Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in... more
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Romania Private Lending Up 4.7% YoY To RON387B In March 2024
04.24.2024
Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24,... more
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NN Asigurari de Viata Ends 2023 with RON102M Net Profit, Up 12% YOY
04.24.2024
NN Asigurari de Viata, leader of Romania’s life insurance market, ended 2023 with net profit worth almost RON102 million, up 12% from 2022. more
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Eurowind Energy Signs EUR65M Loan Facility With BCR And Erste Group
04.22.2024
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga,... more
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Finance Ministry Raises RON600.5M From Banks On April 18, 2024
04.18.2024
Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million... more
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BCR Launches George SmartEU To Ease Entrepreneurs' Access To Information About Financing Programs Via EU Or National Funds
04.18.2024
Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that... more
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Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the... more
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UniCredit Bank Launches Onemarkets Fund For Romanian Market
04.17.2024
UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund. more
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Signal Iduna's Gross Written Premiums Up 34% YoY To Over RON274M In 2023
04.17.2024
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, ended 2023 with gross written premiums of over RON274... more
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Romania's Central Bank: Annual Inflation Rate To Decline Further In Coming Months, But At A Slower Pace Than In 2023
04.17.2024
The annual inflation rate will decline further in the coming months, but at a slower pace compared to 2023 and on a slightly higher path than that... more
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Finance Ministry Raises RON512M From Banks On April 11
04.15.2024
Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of... more
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New Tezaur Treasury Bills Available As Of Monday April 15
04.12.2024
A new issue of Tezaur Treasury bills will become available on Monday, April 15, Romania’s finance ministry announced on Friday. more
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Finance Ministry Raises RON580M From Banks On April 11
04.11.2024
Romania's Finance Ministry raised RON580 million from banks on Thursday (April 11, 2024), selling benchmark bonds, above the planned value of... more
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Three-Month ROBOR Stays At 6.05%/Year; Consumer Loan Reference Index IRCC Falls To 5.9%/Year
04.08.2024
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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Finance Ministry Raises RON1.5B From Banks On April 8
04.08.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (April 8, 2024), selling discount treasury bills (T-bills) due in March 2025,... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.