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.
-
NN Asigurari de Viata Ends 2023 with RON102M Net Profit, Up 12% YOY
04.24.2024
NN Asigurari de Viata, leader of Romania’s life insurance market, ended 2023 with net profit worth almost RON102 million, up 12% from 2022. more
-
Eurowind Energy Signs EUR65M Loan Facility With BCR And Erste Group
04.22.2024
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga,... more
-
Finance Ministry Raises RON600.5M From Banks On April 18, 2024
04.18.2024
Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million... more
-
BCR Launches George SmartEU To Ease Entrepreneurs' Access To Information About Financing Programs Via EU Or National Funds
04.18.2024
Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that... more
-
Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the... more
-
UniCredit Bank Launches Onemarkets Fund For Romanian Market
04.17.2024
UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund. more
-
Signal Iduna's Gross Written Premiums Up 34% YoY To Over RON274M In 2023
04.17.2024
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, ended 2023 with gross written premiums of over RON274... more
-
Romania's Central Bank: Annual Inflation Rate To Decline Further In Coming Months, But At A Slower Pace Than In 2023
04.17.2024
The annual inflation rate will decline further in the coming months, but at a slower pace compared to 2023 and on a slightly higher path than that... more
-
Finance Ministry Raises RON512M From Banks On April 11
04.15.2024
Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of... more
-
New Tezaur Treasury Bills Available As Of Monday April 15
04.12.2024
A new issue of Tezaur Treasury bills will become available on Monday, April 15, Romania’s finance ministry announced on Friday. more
-
Finance Ministry Raises RON580M From Banks On April 11
04.11.2024
Romania's Finance Ministry raised RON580 million from banks on Thursday (April 11, 2024), selling benchmark bonds, above the planned value of... more
-
Three-Month ROBOR Stays At 6.05%/Year; Consumer Loan Reference Index IRCC Falls To 5.9%/Year
04.08.2024
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
-
Finance Ministry Raises RON1.5B From Banks On April 8
04.08.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (April 8, 2024), selling discount treasury bills (T-bills) due in March 2025,... more
-
Libra Internet Bank Rakes in Record High RON317M Net Profit in 2023, Up 33% YOY
04.05.2024
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion. more
-
BRD And IFC Team Up To Increase Financing Of Impactful Sustainability-Related Projects In Romania
04.04.2024
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction... more
-
Finance Ministry Raises Nearly RON1.29B From Banks Via Two Bond Issues On April 1
04.04.2024
Romania's Finance Ministry raised RON1.29 billion from banks on Thursday (April 4), selling government paper in two auctions, at annual average... more
-
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year For 10th Consecutive Time
04.04.2024
Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the... more
-
Salt Bank, First Romanian 100% Digital Bank, Launches Operations
04.04.2024
Salt Bank, the first Romanian wholly digital bank, a newly created entity in the wake of Idea Bank acquisition by Banca Transilvania, has launched... more
-
Allianz Tiriac Pensii Private Buys RON20M Worth Of Banca Transilvania Shares, RON5M Worth Of BRD Shares In Feb 2024
04.03.2024
Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February... more
-
Competition Council Assesses Takeover Of OTP Group In Romania By Banca Transilvania
04.02.2024
Competition Council is assessing the transaction whereby Banca Transilvania intends to acquire the entities in Romania of Hungary's OTP Group,... 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.