Romanian Government Softens Bank Tax, Disconnects It from Money Market Rates
03.27.2019
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft published late Tuesday that amends the controversial tax decree introduced in December 2018.
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Alpha Bank Completes First Issuance Of Mortgage Covered Bonds In Romania, Worth EUR200M 05.14.2019
Alpha Bank Romania has successfully completed the first issuance of mortgage covered bonds on the Romanian banking sector, in the amount of EUR200... more
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ING Bank Romania Posts RON197M Net Profit in 1Q/2019 05.14.2019
Lender ING Bank posted a net profit of RON 197 million in the first quarter and a gross profit of RON222 million, 4% higher than in the first... more
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Finance Ministry Replaces CEC Bank Board 05.13.2019
Romania's finance ministry has appointed Valentin Mavrodin, head of the state Treasury, as board chairman of state-owned CEC Bank, replacing Radu... more
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Romania Raises RON424M Selling June 2024 Bonds at 4.46% Average Yield 05.13.2019
Romania's finance ministry on Monday raised 424 million lei (EUR89.06 million), less than its planned RON500 million, selling treasury bonds... more
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NN Asigurari Net Profit Grows 60% in 2018, to RON55.2M 05.13.2019
NN Asigurari, the biggest life insurer on the Romanian market, reported a net profit of RON55.2 million in 2018, up 60% on the year, it said on its... more
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Romania Raises RON274M Selling One-Year T-bills at 3.26% Average Yield 05.09.2019
Romania's finance ministry on Thursday raised 274 million lei (EUR57.5 million) out of a planned RON400 million selling one-year treasury bills at... more
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Banca Transilvania Financial Group Posts RON507.46M Net Profit in 1Q/2019 05.09.2019
Banca Transilvania Financial Group reported a net profit of RON507.46 million and assets totaling RON79.7 billion in the first quarter of 2019, the... more
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Credit Europe Bank Romania 2018 Net Profit Grows 13%, to RON53M 05.08.2019
Credit Europe Bank Romania, a member of Dutch financial group Credit Europe Bank, ended 2018 with a net profit of RON53 million, up 13% on the... more
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Erste CEO Says Bank Tax Left Bad Taste on Romanian Political Environment 05.08.2019
Romania's tax on bank assets was reduced considerably, more than expected, but the entire move has left a bad taste on the political environment... more
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Laptaria Cu Caimac Dairy Plant: Banks Don’t Fund Long-Term Industrial Projects 05.08.2019
One of the obstacles hindering the progress of the food industry is bank funding, because banks do not grant loans for more than ten years, so... more
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Banca Transilvania, Victoriabank Grant First Cross-Border Syndicated Loan 05.07.2019
Romanian lender Banca Transilvania and Victoriabank granted their first Romania-Moldova cross-border syndicated loan, of EUR21 million, to shopping... more
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Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index 05.07.2019
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on... more
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Romania Raises RON871.1M Selling Aug 2022 Bonds at 3.94% Average Yield 05.06.2019
Romania's finance ministry on Monday raised 871.1 million lei ($205 million EUR183 million) selling treasury bonds maturing in August 2022 at an... more
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BCR Group’s Net Profit Attributable To Majority Shareholder Erste Up 9.4% YoY To EUR46.4M In 1Q/2019 05.03.2019
BCR Group on Friday said the net profit attributable to its majority shareholder, Erste, grew 9.4% year-on-year (YoY), to EUR46.4 million, in the... more
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BRD 1Q Net Profit Down 26% YoY To RON289M, Revenue Up 9.3% YoY To RON744M 05.03.2019
Lender BRD Groupe Societe Generale on Friday said its net banking income grew 9.3% year-on-year (YoY), to RON744 million, in the first quarter of... more
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Central Bank Deputy Governor Liviu Voinea Appointed Romania's Representative to the IMF 05.02.2019
Romania's central bank deputy governor Liviu Voinea has been appointed the country's representative to the International Monetary Fund and will... more
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Romania Forex Reserves Grow to EUR33.69B in April 05.02.2019
Romania's foreign exchange reserves grew to EUR33.69 billion at the end of April, from EUR32.03 billion at the end of March, central bank data... more
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Consumer Loan Reference Index, Replacing ROBOR, Stands At 2.36% 05.02.2019
The consumer loan reference index, regulated by government emergency ordinance no. 19 of 2019, stands at 2.36% for the fourth quarter of 2018,... more
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Romania Seeks to Raise RON3.2B, EUR250M Selling State Paper in May 04.30.2019
Romania's finance ministry plans to raise nearly RON3.5 billion and EUR250 million selling state paper in May. more
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Garanti Bank Posts RON111M Profit in 2018 04.30.2019
Lender Garanti Bank reported a net profit of RON111.86 million for 2018 and operating revenue of RON428 million, the bank said in its annual... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
