Raiffeisen Bank Net Profit Falls 21% YoY To RON140M I 1Q/2020
05.14.2020
Raiffeisen Bank reported a net profit of RON140 million in the first quarter of 2020, down 21% on the year, according to financial data presented in a video conference by Raiffeisen Bank Vice-President Mihail Ion.
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Bucharest, Cluj and Timis – Top Three Counties by Volume of Retail Loans yesterday, 10:09
Bucharest, including Ilfov County, stands out with the highest stock of loans at the end of July 2020, some 53 billion lei, almost 7% more than in... more
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Banca Transilvania To Grant RON700M Loans Via New Home Program 09.17.2020
Romanian Lender Banca Transilvania (TLV.RO) has started to grant loans under the New Home subsidized mortgage lending program, aiming for a total... more
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TBI Bank Posts 16% Lower Consolidated Net Profit, Of EUR8.2M, In 1H/2020 09.16.2020
TBI Bank, part of 4Finance Group, with operations in Romania, Bulgaria, Germania, Sweden and Poland, ended the first half of 2020 with a... more
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Three-Month Money Market Rate Drops For Third Consecutive Day, Down To 1.96% 09.16.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
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Romaero Shareholders OK RON59.9M Loan Contraction From CEC Bank 09.15.2020
Shareholders of Romanian aircraft parts maker Romaero (RORX.RO) on Tuesday approved a decision to contract some credit facilities from lender CEC... more
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Three-Month Money Market Rate Sees Decline For Second Consecutive Day 09.15.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
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Libra Bank Net Profit Halves To RON23.9M, Revenue Grows 8.12% To RON164.8M 09.14.2020
Libra Internet Bank on Monday said its net profit saw a twofold decline on the year, to RON23.9 million, in the first half of 2020, and its total... more
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Gothaer Asigurari Reaches RON62.7M Share Capital 09.14.2020
Gothaer Asigurari, the Romanian division of German insurer Gothaer, has increased its share capital by RON2.9 million at the end of 2019, but it... more
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Three-Month Money Market Rate Stays Put At 1.99% 09.11.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
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CEC Bank Appoints Mirela Calugareanu as Board Chairwoman 09.04.2020
State-owned lender CEC Bank has appointed Mirela Calugareanu, a non-executive member of the board of directors since 2017, to the position of board... more
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Allianz Tiriac Pension Funds Reach 5.01% Holding In Banca Transilvania 09.04.2020
Pension funds managed by Allianz Ţiriac have reached a holding of over 5% of the share capital of Banca Transilvania (TLV.RO), Romania’s largest... more
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Romania Raises Over RON1.4B Selling 1-Year Bills and 5-Year Bonds 09.03.2020
Romania's finance ministry on Thursday raised a planned RON400 million selling one-year treasury bills and a more than planned RON1.026 billion... more
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Libra Bank Lists EUR4M Bonds on Bucharest Stock Market 09.03.2020
Lender Libra Internet Bank on Thursday listed EUR4.29 million worth of bonds on the Bucharest Stock Exchange Thursday under the ticker symbol... more
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Omniasig Gross Underwritings Up 2% To Over RON600M, Gross Profit Soars 66% To Over RON35M In 1H/2020 09.03.2020
Omniasig, the largest company in the local portfolio of Austria’s Vienna Insurance Group (VIG) and the biggest non-RCA insurer in Romania, ended... more
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Atelierele CFR Grivita Turnover Drops 15% To RON26.8M, Net Profit Threefold Lower To RON1.4M In 1H/2020 09.03.2020
Rolling stock maker Atelierele CFR Grivita (ATRD.RO) reported a turnover of RON26.8 million in the first half of 202p, down 15% on the year, and a... more
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Top Ten Lenders in Romania Make RON2.67B Profit in H1 09.03.2020
The top ten lenders in Romania by assets posted 2.67 billion lei net profit together in the first half, lower than in the first half of 2019, and... more
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Libra Bank Bonds Start Trading on Bucharest Stock Market on Sept 3 09.02.2020
Libra Internet Bank bonds start trading on the Bucharest Stock Exchange on Thursday, September 3, the stock market operator announced Wednesday. more
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Alpha Bank Romania Posts EUR2.1M Gross Profit in 1H 09.02.2020
Greek-owned Alpha Bank Romania reported a gross profit of EUR2.1 million for the first half of 2020, compared with EUR9.9 million in the same... more
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Central Bank Survey: 75% of Companies Didn't Use Bank Financing in Last 12 Months 09.01.2020
Internal sources remained the main financing sources for Romanian companies in June 2019-May 2020 , mainly due to substantial growth in profit... more
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Signal Iduna Posts 44% Growth in Underwritings in 1H, to RON57M 08.31.2020
The local division of German insurer Signal Iduna, operating on the life insurance market, reported underwritings of over RON57 million in the... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
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The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
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New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in
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Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
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Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,
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Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
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Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
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Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
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A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
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Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
