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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Unicredit Bank Sees Romania's GDP Growth Slowing to 3.7% this year, 3.3% in 2019 10.19.2018
Political and fiscal risks will dominate the public agenda this year and the next and economic growth will slow down to 3.7% in 2018 and 3.3% in... more
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Three-Month Money Market Rate Hits Nearly Two-Month High Of 3.28% 10.19.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei on Friday rose to the highest in almost two... more
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Romania Raises RON888.4M Selling Oct 2021 Bonds at 4.5% Average Yield 10.18.2018
Romania's finance ministry on Thursday raised an above-plan 888.4 million lei (EUR190.6 million) selling treasury bonds maturing in October 2021 at... more
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New Lending Restrictions Applicable Starting January 1, 2019 10.18.2018
New lending rules limiting the allowed indebtedness ratio on mortgage and consumer loans will be applicable starting January 1, 2019, the central... more
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Three-Month Money Market Rate Flat At 3.17% 10.18.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei continued to remain unchanged on Thursday, at... more
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Watford Insurance Enters Romanian Market 10.17.2018
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania... more
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Romanian Central Bank Caps Indebtedness Ratio for Consumer, Mortgage Loans 10.17.2018
Romania's central bank board on Wednesday approved new lending rules, limiting the indebtedness ratio allowed for consumer loans and mortgage loans. more
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Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion 10.17.2018
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to... more
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Patria Bank Seeks to Sell Second Batch of NPLs 10.17.2018
Patria Bank is looking to sell a second batch of non-performing loans after the one sold to Polish debt collection group KRUK earlier this month,... more
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Court Annuls Fine for Ex NN Pensii General Manager 10.16.2018
The Bucharest Court of Appeals on Tuesday ruled to annul the RON100,000 fine the country's financial watchdog levied on the former general manager... more
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Banca Transilvania Shareholders Approve Merger with Bancpost 10.16.2018
The shareholders of Banca Transilvania on Tuesday approved the Banca Transilvania – Bancpost merger, which will take place on December 31, 2018. more
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Private Pension Funds in Romania Top EUR10B in Net Assets end-September 10.16.2018
Net assets of private pension funds in Romania stood at EUR10.41 billion at the end of September, 6.2% higher than at the end of June, data from... more
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Romania Raises RON648.5M Selling Feb 2029 Bonds at 5.15% Average Yield 10.15.2018
Romania's finance ministry on Monday raised an above-plan 648.5 million lei (EUR138.9 million) selling treasury bonds maturing in February 2029 at... more
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Banca Transilvania’s Priorities Are Funding Romanian Companies And Digitalization 10.15.2018
Supporting the Romanian economy by providing funding to companies and digitalization remain the priorities of Banca Transilvania, which will... more
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Three-Month Money Market Rate Flat Again At 3.17% 10.12.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei continued to remain unchanged on Friday, at 3.17%... more
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Three-Month Money Market Rate Flat At 3.17% 10.11.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei on Thursday stayed put at Wednesday’s level of... more
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Three-Month Money Market Rate Rises To 3.17% 10.10.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei rose to 3.17% a year on Wednesday, from 3.13%... more
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SIF Oltenia Gets EUR140M From Erste For Sale Of 6.2% Stake In BCR 10.09.2018
The sale-purchase operation of the 1.02 billion shares (a 6.29% stake) held by regional investment fund SIF Oltenia in Banca Comerciala Romana... more
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MedLife Starts Talks With BCR On Loan Refinancing, Boosting Credit Limit Up To EUR80M 10.09.2018
The Board of Directors of MedLife, leader of the private healthcare services market in Romania, on Tuesday said it will start talks with Banca... more
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ASF: Number Of Insurance Contracts Against Natural Disasters Inched Up 1% In 1H/2018 10.09.2018
The number of contracts of insurance against natural disasters inched up 1% in the first half of 2018, to nearly RON1.7 million, and underwritten... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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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.
