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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Romania Raises RON7.9B and EUR2.5B in November today, 12:07
Romania's finance ministry raised RON7.86 billion selling bonds on the domestic market in November, 55.4% above plan, plus EUR2.5 billion from... more
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VIG Strengthens Position in Romania After Buying Local Operations of Rival Aegon yesterday, 09:27
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, will increase its share of more... more
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Investors Bought RON2.7B Worth of Govt Bonds in November Program 11.27.2020
Individual investors bought RON2.7 billion million worth of Fidelis government bonds for the general population in the three-week subscription... more
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Former NN Pensii Chief Raluca Tintoiu Wins Case Against Financial Regulator 11.27.2020
Raluca Tintoiu, the former general manager of NN Pensii who decided to warn the fund's 1.9 million contributors in 2017 over political decisions... more
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Romania Rejects All Bids for Euro-Denominated Apr 2025 Bonds 11.26.2020
Romania's finance ministry on Thursday rejected all bids at a tender where it targeted raising EUR500 million selling April 2025 euro-denominated... more
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VIG Gross Underwritings In Romania Grow 3.7% YoY To EUR354M In Jan-Sept 2020 11.26.2020
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded... more
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Top Five Lenders Account For 78% Of Romania’s Entire Banking System Profit in Jan-Sept 11.26.2020
Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic,... more
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Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020 11.24.2020
Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to... more
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Antitrust Body Looks into Kiwi Finance Acquisition by OLX 11.24.2020
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan... more
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Romania Private Lending Grows 0.6% on Month in October 11.24.2020
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central... more
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Romania Raises RON461M Selling Sept 2031 Bonds at 3.42% Average Yield 11.23.2020
Romania's finance ministry on Monday raised 461 million lei (EUR94.6 million), versus its RON300 million target, selling bonds maturing in... more
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Austria's Uniqa Posts EUR3.2M Net Profit, EUR70M Gross Underwritings In Romania Jan-Sept 2020 11.23.2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in... more
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CEC Bank Posts RON274.2M Profit in Jan-Sept 11.23.2020
Romanian state-owned lender CEC Bank reported a net profit of RON274.2 million for the first nine months of 2020, while its assets grew 14% since... more
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Alro Extends Two Syndicated Credit Facilities Of $150M Until 2023, Under EximBank Coordination 11.23.2020
Alro Group (ALR.RO), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, extended until 2023,... more
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139 Branches Closed in Romania’s Banking System in Jan-Sept 11.23.2020
Banks operating in Romania had 3,879 branches and offices, while the number of employees went down to 52,757 in the first nine months, Romania’s... more
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Jan Kees Martijn Appointed IMF Mission Chief for Romania 11.20.2020
The International Monetary fund has appointed Jan Kees Martijn as the new mission chief for Romania, starting November 19, the representative... more
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Romania Raises RON537M Selling Oct 2030 Bonds At 3.31% Average Yield 11.19.2020
Romania's finance ministry on Thursday raised 537 million lei (EUR70.3 million), above the RON300 million level planned, selling bonds maturing in... more
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Romania’s Banking System Posts Some RON4.7B Profit in Jan-Sept 11.19.2020
Banks in Romania posted about 4.7 billion lei profit in the first nine months of 2020, their assets reached a new high, while the loan-to-deposit... more
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Investors Bought RON805M Worth Of Govt Bonds In Eight Days 11.18.2020
Individual investors bought RON804.7 million worth of Fidelis government bonds for the general population during an eight-day period, from November... more
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ING Bank Romania Posts 2% Hike In Total Revenue, 26% Decline In Net Profit In Jan-Sept 2020 11.18.2020
Lender ING Bank Romania on Wednesday said its total revenue grew 2% in January-September 2020, to RON1.57 billion, and its net profit dropped 26%... 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.
