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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EIB And Deutsche Leasing Romania Team Up To Finance Romanian Businesses And Farmers
02.09.2024
The European Investment Bank Group (EIB Group) is expanding its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche... more
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Banca Transilvania Officially Announces Acquisition Of OTP Bank Romania
02.09.2024
Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the... more
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Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On February 8
02.08.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), selling government paper in two auctions, at annual average... more
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BRD Wants to Distribute Dividends with 7.7% Yield
02.08.2024
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution... more
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BRD 2023 Profit Up 27% YOY amid 13% Higher Revenues
02.08.2024
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid... more
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factory by Raiffeisen Bank Program Funded Over 430 Businesses, Total Financing Value Nears EUR24M
02.08.2024
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses,... more
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UNSAR: Insurance Companies' Home Insurance Claim Settlements Topped RON119M In Jan-Sept 2023
02.08.2024
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared... more
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European Investment Bank Approves Financing For Romania’s Railway Upgrades
02.07.2024
The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport,... more
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Groupama Retains Leading Position on Romania Insurance Market in Jan-Sept 2023
02.07.2024
Groupama after the first nine months of 2023 was still the leading company on the insurance market, reaching a market share of almost 22%. more
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UniCredit Bank Generates almost EUR300M Profit in Romania in 2023, Up 44%
02.06.2024
Italian group UniCredit for 2023 reported EUR286 net profit from Romania operations, up over 44% from 2022, amid rising lending and revenues. more
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Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On February 5
02.06.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (February 5), selling government paper in two auctions, at annual average... more
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ING Bank: Most Romanian Homeowners Took Measures To Enhance Energy Efficiency Of Their Homes, In Last 3 Years
02.02.2024
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three... more
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Romania Forex Reserves Grow To EUR61.4B In January 2024
02.01.2024
Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank... more
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Finance Ministry Raises RON1.73B From Banks Via Two Bond Issues On February 1
02.01.2024
Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average... more
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Catalin Munteanu Takes Over As Executive Director Of Products And Retail Segments Division Of BCR
02.01.2024
Catalin Munteanu, one of the most renowned banking professionals in Romania, is taking over the position of Executive Director of the Products and... more
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Société Générale Looking Into Sale Of BRD
02.01.2024
France’s Société Générale Group is looking into the opportunity of selling BRD, the third largest bank in Romania and hired JP Morgan to... more
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Three-Month ROBOR Drops To 6.11% On Jan 30, 2024, The Lowest Level Since Summer 2022
01.30.2024
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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EIB Signs EUR40M Loan With Eldrive To Expand EV Charging Networks In Romania, Bulgaria And Lithuania
01.30.2024
The European Investment Bank (EIB) has signed a EUR40 million loan to Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations... more
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Finance Ministry Raises RON652M From Banks On January 29
01.29.2024
Romania's Finance Ministry raised RON652 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due... more
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Three-Month ROBOR Falls To 6.13%; IRCC For New Loans: 5.97% In Q1/2024
01.25.2024
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
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.