Romania Banking System Average NPL Rate Grows to 5.77% in July
09.20.2018
Romania's banking sector had an average non-performing loan (NPL) rate of 5.77% at the end of July, 0.06 points higher than in June, central bank data showed.
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Romania Raises RON580.7M Selling March 2022 Bonds at 4.22% Average Yield 09.20.2018
Romania's finance ministry on Thursday raised an above-plan 580.7 million lei (EUR124.8 million) selling a treasury bonds maturing in March 2022 at... more
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Omniasig Paid Damage Claims Of RON306M In 1H/2018 09.20.2018
Insurance company Omniasig, the fourth largest local insurer on the general insurance segment, paid damage claims of RON306 million in the first... more
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Negritoiu, Former ING Romania CEO: I Can See Now Why Governor Isarescu Had To Do Something In 2008 09.20.2018
Ten years after the crisis, Misu Negritoiu, then chief executive officer of ING Romania, said on ZF Live he “understood” the decisions of... more
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Three-Month Money Market Rate Inches Up To 3.10% 09.19.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei rose slightly to 3.10% on Wednesday, from 3.09% a... more
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OTP Bank Romania Grants New Loans Of Nearly RON1B To Large Companies In 1H/2018 09.19.2018
OTP Bank Romania granted new loans of nearly RON1 billion to large companies, in January-June 2018, 70% more loans than in the same period a year... more
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Transferoviar Grup To Contract RON5M Loan From Banca Transilvania 09.18.2018
Transferoviar Grup, held by entrepreneur Calin Mitica and one of the largest players in the rail transport sector, will contract a loan of RON5... more
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Pillar II Pension Fund Managers See Profit Up 14% to RON163M In 2017 09.18.2018
The seven Pillar II private pension fund managers, which manage the savings of about 7.2 million Romanians, ended 2017 with 163 million lei (EUR35... more
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EBRD Lends EUR25M to Modernize Water and Wastewater Services in Romania 09.17.2018
The European Bank for Reconstruction and Development (EBRD) has granted a EUR25 million loan to Romania’s regional operator of water and... more
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Romania Raises RON411.7M Selling Feb 2029 Bonds at 4.98% Average Yield 09.17.2018
Romania's finance ministry on Monday raised an above-plan 411.7 million lei (EUR88.66 million) selling a new issue of treasury bonds maturing in... more
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EIB Grants EUR450M Loan For Romania’s Rural Development Program 09.17.2018
The European Investment Bank (EIB) on Monday said it is lending EUR450 million to Romania to finance its national contribution to the... more
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Banca Transilvania To Absorb Bancpost by Dec 31, 2018 09.14.2018
Romanian lender Banca Transilvania (TLV.RO) plans to complete its absorption of Bancpost by December 31, 2018, it said in a statement Friday. more
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Three-Month Money Market Rate Falls To 3.09% 09.14.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei fell to 3.09% on Friday, from 3.10% a year over... more
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Cold Meats Producer Ana Si Cornel: We’ve Never Taken Out A Bank Loan 09.14.2018
Cold meats producer Ana si Cornel based in Mizil, Prahova County, says it does not work with banks to avoid being vulnerable when things become... more
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Piraeus Bank Romania To be Rebranded as First Bank 09.14.2018
The board of directors of Romanian lender Piraeus Bank Romania decided to rebrand the bank as First Bank, the lender said in a press release Friday. more
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Romania Raises RON713.3M Selling Oct 2020 Bonds at 3.9% Average Yield 09.13.2018
Romania's finance ministry on Thursday raised an above-plan 713.3 million lei (EUR153.75 million) selling treasury bonds maturing in October 2020... more
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Companies’ Foreign Debt Up To EUR37B 09.13.2018
The foreign loans companies got from foreign financial institutions and parent companies increased by about 40% in the past decade, reaching... more
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Three-Month Money Market Rate Remains Stable At 3.10% 09.12.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei on Wednesday remained stable at Tuesday’s level... more
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Three-Month Money Market Rate Keeps Downward Trend, Falls To 3.10% 09.11.2018
The three-month money market interest rate used to calculate interests for consumer loans in lei fell to 3.10% a year on Tuesday, from 3.11% a year... more
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ASF: Pillar II Net Assets Up 21.21% On Year To RON43.7B 1H/2018 09.10.2018
The overall value of net assets reported on June 30, 2018 by mandatory private pension funds Pillar II was RON43.71 billion (EUR9.38 billion),... more
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ASF: Pillar II, Pillar III Assets Up 20.86% On Year To EUR9.8B In 1H/2018 09.10.2018
The value of assets managed by the mandatory private pension pillar (Pillar II) and the voluntary private pension pillar (Pillar III) was RON45.6... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
