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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Financial Watchdog: Romania Insurance Grows 5% To RON11.5B In 2020 02.11.2021
Romania’s insurance market reached a volume of underwritten gross premiums of RON11.5 billion in 2020, up 5% compared with 2019, according to... more
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BRD CEO: Funding Via IMM Invest Program Reaches RON930M 02.10.2021
BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930... more
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BRD Net Profit Declines 37% in 2020, to RON951.5M 02.10.2021
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020,... more
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New Retail and Corporate Loans in Lei Reach 14-Year High in 2020 02.09.2021
The volume of new leu loans for consumers and companies rose to a 14-year high, RON68.5 billion in 2020. The volume of new loans in lei is double... more
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Romania Raises RON951.4M Selling Sept 2023 Bonds at 1.99% Average Yield 02.08.2021
Romania's finance ministry on Monday raised 951.4 million lei (EUR195 million), versus its RON600 million target, selling bonds maturing in... more
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Mihnea Craciun Leaves EBRD to Lead Endeavor Romania 02.08.2021
Mihnea Craciun has left the position of deputy director within the European Bank for Reconstruction and Development and takes over as managing... more
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IIB Net Profit Grows 28% in 2020, to EUR7.3M 02.08.2021
International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28%... more
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Impact Signs Two Loan Agreements with First Bank to Fund Construction, VAT Costs 02.08.2021
Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92... more
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Romania Launches Three New Population Bond Issues on Feb 8 02.05.2021
Romania's finance ministry launches three new bond issues for the general population Monday, February 8, which can be subscribed by February 24. more
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Romania Raises RON716.5M Selling One-Year Bills at 1.67% Average Yield 02.04.2021
Romania's finance ministry on Thursday raised 716.5 million lei (EUR147 million), versus its RON600 million target, selling one-year treasury bills... more
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Romania Raises RON1.4B Selling Oct 2027 Bonds at 2.39% Average Yield 02.04.2021
Romania's finance ministry on Thursday raised 1.415 billion lei (EUR290.3 million), versus its RON500 million target, selling bonds maturing in... more
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ING Survey: Buying a Home Is Usually a Short and Sharp Experience 02.04.2021
Romanians are the most determined and quickest Europeans when it comes to choosing a home to buy, with three out of five saying they found their... more
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ECB Extends EUR4.5B Repo Line to Romanian Central Bank until March 2022 02.04.2021
The European Central Bank and the National Bank of Romania have agreed to extend until March 2022 a framework arrangement to provide liquidity in... more
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New Corporate Loans in Lei Reach 14-Year Monthly High in December 02.04.2021
December 2020 came with last year’s highest level of new corporate loans in lei, as well as the 14-year monthly high, RON4.7 billion. The growth... more
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New Retail Loans Down for First Time in 8 Years in 2020 02.03.2021
New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion... more
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McKinsey&Company: Romanian Banks May Post RON58B Drop in Revenue after Risk Costs 02.03.2021
Romanian banks may register an estimated drop in revenues of around RON58 billion by 2025, compared with revenues expected had the pandemic never... more
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Romania Raises RON1.022B Selling Nov 2024 Bonds at 2.06% Average Yield 02.01.2021
Romania's finance ministry on Monday raised 1.022 billion lei (EUR209.7 million) selling bonds maturing in November 2024 at an average yield of... more
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Romania Listed In 2021 Brand Finance Global 500 Ranking With Lenders Banca Transilvania, BRD 02.01.2021
Romania is present in 2021 edition of the global ranking of 500 most valuable banking brands, compiled by Brand Finance, with two financial... more
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Romania Raised RON995M from General Population Bonds in January 01.29.2021
Romania's government raised RON995 million selling bonds to the general population in January 2021, the biggest monthly amount investors subscribed... more
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Mortgage Loans Up 10% in 2020 01.29.2021
Mortgage loan volume went up by more than 9.8% or RON8 billion to RON89 billion lei year-on-year in 2020, and lenders offset the decline in... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
