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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Three-Month ROBOR Overshoots 6% Threshold 06.03.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Banca Transilvania To Carry Out Stock Option Plan For Management Staff And Employees 06.02.2022
Shareholders of lender Banca Transilvania (TLV.RO) unanimously approved at their general meetings of April 28, 2021 and of April 28, 2022,... more
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Romania Forex Reserves Grow To EUR40.9B On Month In May 2022 06.02.2022
Romania's foreign exchange reserves increased by EUR419 million in May 2022 versus April 2022, to EUR40.5 billion, central bank data showed Thursday. more
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Three-Month ROBOR Climbs To 5.99% A Year 06.02.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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BCR Asigurari de Viata Ends 2021 with RON30.7M Profit 06.01.2022
BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and... more
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BCR, Banca Transilvania and ING Bank Most Profitable Lenders in Romania in Q1 06.01.2022
Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase... more
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Real Estate Developer Impact Borrows EUR4.5M from Garanti Bank 05.31.2022
Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type... more
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Mihail Ion To Run Raiffeisen Bank’s New Capital Markets And Private Banking Division 05.31.2022
Raiffeisen Bank on Tuesday said it appointed Mihail Ion to run its new Division of Capital Markets, Investment Banking and Personal Financial... more
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Romania Banking System Reports Record Net Profit Of RON2B For 1Q/2022 05.31.2022
The net profit generated by the entire Romanian banking system at the end of the first quarter of 2022 touched a new record high of RON1.96... more
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Three-Month ROBOR Surges To 5.97% A Year 05.31.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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ING Bank Posts RON276M Profit in Romania in Q1 05.30.2022
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667... more
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Czech APS Buys From Bank of Cyprus A Portfolio Of Romanian EUR147M NPLs 05.30.2022
APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of... more
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Alpha Bank Romania’s Operating Profit Doubles YoY To EUR5.6M In 1Q/2022 05.27.2022
Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first... more
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Three-Month ROBOR Ends May 23-27 Week At 5.95% A Year 05.27.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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EBRD Expands Presence in Romania by Opening New Regional Office in Cluj-Napoca 05.27.2022
The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional... more
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Romania Raises RON615M Selling Bonds At 7.95% Yield 05.26.2022
Romania's finance ministry raised RON615 million on Thursday (May 26), selling bonds maturing in 2034, at an annual average yield of 7.95%. more
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Three-Month ROBOR Spikes To 5.93% A Year On May 26 05.26.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Three-Month ROBOR Jumps To 5.90% A Year On May 25 05.25.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Uniqa Asigurari, Uniqa Asigurari de Viata Report Combined Underwritings Of EUR27M For Jan-March 2022, Up 7% YoY 05.24.2022
Austria’s Uniqa Group, which owns in Romania general insurance division Uniqa Asigurari and life insurance division Uniqa Asigurari de Viata,... more
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Three-Month ROBOR Spikes To 5.83% A Year On May 24 05.24.2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?