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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Romania Private Lending Up By 5.7% YoY To RON384.7B In January 2024
02.23.2024
Private lending in Romania went up 5.7% to RON384.7 billion in January 2024 compared with January 2023, central bank data showed on Friday... more
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Finance Ministry Raises RON340M From Banks On February 22, 2024
02.22.2024
Romania's Finance Ministry raised RON340 million from banks on Thursday (February 22, 2024), selling benchmark bonds with a scheduled value of... more
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Raiffeisen Bank Romania Ends 2023 with RON1.7B Profit, Up 39% YOY, RON3.7B Income, 16% Higher
02.22.2024
Raiffeisen Bank Romania in 2023 posted income worth RON3.7 billion, up 16%, and net profit worth RON1.7 billion, 39% higher than in 2022. more
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Revolut Set to Launch Mortgage Loans and Savings Accounts
02.22.2024
Victor Stinga, the interim CFO of Revolut, said the fintech wants to launch mortgages and savings accounts as a rising number of European clients,... more
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Autonom Protect Takes Over Majority Stake in Nova Ria24
02.20.2024
Autonom Protect, the services unit for the insurance market of Autonom group, controlled by brothers Marius and Dan Stefan, has taken over the... more
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Finance Ministry Raises RON443.2M From Banks On February 19, 2024
02.19.2024
Romania's Finance Ministry raised RON443.2 million from banks on Monday (February 19, 2024) selling benchmark bonds with a scheduled value of... more
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KIWI Finance Brokers More Than RON1.7B Loans In 2023
02.19.2024
KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over... more
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ING Romania Appoints Austrian Philipp Gamauf CFO
02.19.2024
Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a... more
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Intesa Sanpaolo Rakes in EUR7M Net Profit in Romania, Above 2022 Level
02.19.2024
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in 2023 generated net profit worth EUR7 million. more
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ING Bank Romania Mobilized Over EUR1B In Sustainable Transactions With Bonds And Loans In 2023
02.16.2024
ING Bank Romania supported bonds and loans (syndicated or bilateral) of more than EUR1 billion in sustainable transactions in 2023, compared to... more
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Finance Ministry Raises RON654M From Banks On February 15, 2024
02.15.2024
Romania's Finance Ministry raised RON654 million from banks on Thursday (February 15, 2024) selling bonds with a nominal value of RON500 million... more
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Erste Group Revises Romania's 2024 GDP Growth Forecast Down To 2.6% From 3.3% Previously
02.15.2024
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised downwards its forecast on Romania’s economic growth to 2.6%... more
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EIF Official: We Financed Six Investment Funds With EUR125M and Readying to Grant Another EUR70M In 2024
02.14.2024
The European Investment Fund (EIF) has so far granted financing worth EUR125 million and by December 31, 2025 has available the rest up to the... more
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Evergent Investments Contracts New Credit Facility Of EUR10M From Banca Comerciala Romana
02.13.2024
Alternative investment fund Evergent Investments (EVER.RO) has announced in a stock market report on Tuesday (Feb 13) that it decided to continue... more
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Romania's Central Bank Holds Key Rate Steady At 7% a Year For 9th Consecutive Time
02.13.2024
Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2024) to keep its key interest rate unchanged at 7% a year, being... more
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Finance Ministry Raises RON784M From Banks On Feb 12
02.12.2024
Romania's Finance Ministry raised RON784 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due... more
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Cybersecurity Remains Top Risk For European Banks
02.12.2024
For the second consecutive year, the EY and Institute of International Finance (IIF) Bank Risk Management Survey finds that cybersecurity is the... more
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Finance Ministry Launches New Edition of TEZAUR T-Bills Program
02.12.2024
The Finance Ministry starting Monday, February 12 launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population. more
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Law Firm Filip & Company Assists Banca Transilvania in OTP Bank Romania Acquisition for EUR347.5M
02.12.2024
Filip & Company team granted legal assistance to Banca Transilvania in the signing of documents for the acquisition of OTP Bank Romania, OTP... more
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Central Bank: Romania Banking System Boasts Record High Profit Of Nearly RON14B In 2023, Up 34% vs 2022
02.09.2024
Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the... 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.