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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Libra Internet Bank Rakes in Record High RON317M Net Profit in 2023, Up 33% YOY
04.05.2024
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion. more
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BRD And IFC Team Up To Increase Financing Of Impactful Sustainability-Related Projects In Romania
04.04.2024
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction... more
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Finance Ministry Raises Nearly RON1.29B From Banks Via Two Bond Issues On April 1
04.04.2024
Romania's Finance Ministry raised RON1.29 billion from banks on Thursday (April 4), selling government paper in two auctions, at annual average... more
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Romania's Central Bank Further Holds Key Rate Steady At 7% a Year For 10th Consecutive Time
04.04.2024
Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the... more
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Salt Bank, First Romanian 100% Digital Bank, Launches Operations
04.04.2024
Salt Bank, the first Romanian wholly digital bank, a newly created entity in the wake of Idea Bank acquisition by Banca Transilvania, has launched... more
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Allianz Tiriac Pensii Private Buys RON20M Worth Of Banca Transilvania Shares, RON5M Worth Of BRD Shares In Feb 2024
04.03.2024
Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February... more
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Competition Council Assesses Takeover Of OTP Group In Romania By Banca Transilvania
04.02.2024
Competition Council is assessing the transaction whereby Banca Transilvania intends to acquire the entities in Romania of Hungary's OTP Group,... more
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Groupama Remains Leader Of Insurance Market In 2023
04.02.2024
Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to... more
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Romania Insurance Market Up 10% To RON18.2B Gross Written Premiums In 2023
04.02.2024
Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance... more
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Mihaela Cristina Mitroi Gets Central Bank Approval For Raiffeisen Bank’s Supervisory Board Membership
04.01.2024
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the... more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On April 1
04.01.2024
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (April 1), selling government paper in two auctions, at annual average... more
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Romania Forex Reserves Grow To EUR64.2B In March 2024
04.01.2024
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February... more
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BCR Contributes EUR84M To EUR435M Syndicated Loan Ford Otosan Romania Took Out
03.29.2024
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to... more
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Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
03.28.2024
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the... more
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CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
03.27.2024
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro... more
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Romania Private Lending Up 4.9% YoY To RON383B In February 2024
03.26.2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March... more
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International Law Firm CMS Assists Ford Otosan Romania in Getting EUR435M Funding
03.26.2024
International law firm CMS assisted carmaker Ford Otosan Romania in obtaining a EUR435 million financing from a bank syndicate. more
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Banca Transilvania Targets RON3B Net Profit in 2024, Up 20% YOY
03.26.2024
Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase... more
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Finance Ministry Raises RON962.4M From Banks On March 25
03.25.2024
Romania's Finance Ministry raised RON962.4 million from banks on Monday (March 25, 2024), selling benchmark bonds with a scheduled value of RON500... more
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Credit Europe Bank Romania Ends 2023 with RON66.8M Net Profit, More than Double 2022 Level
03.25.2024
Credit Europe Bank Romania in 2023 generated net profit worth RON66.8 million, more than twice the 2022 level. 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.