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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Groupama Remains Leader Of Insurance Market In 2023
04.02.2024
Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to... more
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Romania Insurance Market Up 10% To RON18.2B Gross Written Premiums In 2023
04.02.2024
Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance... more
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Mihaela Cristina Mitroi Gets Central Bank Approval For Raiffeisen Bank’s Supervisory Board Membership
04.01.2024
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the... more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On April 1
04.01.2024
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (April 1), selling government paper in two auctions, at annual average... more
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Romania Forex Reserves Grow To EUR64.2B In March 2024
04.01.2024
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February... more
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BCR Contributes EUR84M To EUR435M Syndicated Loan Ford Otosan Romania Took Out
03.29.2024
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to... more
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Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
03.28.2024
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the... more
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CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
03.27.2024
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro... more
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Romania Private Lending Up 4.9% YoY To RON383B In February 2024
03.26.2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March... more
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International Law Firm CMS Assists Ford Otosan Romania in Getting EUR435M Funding
03.26.2024
International law firm CMS assisted carmaker Ford Otosan Romania in obtaining a EUR435 million financing from a bank syndicate. more
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Banca Transilvania Targets RON3B Net Profit in 2024, Up 20% YOY
03.26.2024
Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase... more
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Finance Ministry Raises RON962.4M From Banks On March 25
03.25.2024
Romania's Finance Ministry raised RON962.4 million from banks on Monday (March 25, 2024), selling benchmark bonds with a scheduled value of RON500... more
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Credit Europe Bank Romania Ends 2023 with RON66.8M Net Profit, More than Double 2022 Level
03.25.2024
Credit Europe Bank Romania in 2023 generated net profit worth RON66.8 million, more than twice the 2022 level. more
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Banca Transilvania Wants To Distribute RON1B Dividends To Shareholders
03.22.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, is convening shareholders on April 25, 2024, to approve, among other things, the... more
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BCR Wants To Double Exposure To Agrifood Sector To EUR2B By End Of 2026
03.22.2024
BCR, the second largest lender in Romania by assets, plans to double exposure to the agrifood sector to EUR2 billion by the end of 2026, its... more
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Finance Ministry Raises RON1.2B From Banks On March 21, 2024
03.21.2024
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday (March 21, 2024), selling benchmark bonds with a scheduled value of RON600... more
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PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
03.20.2024
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a... more
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Lucian Anghel Gets Central Bank Approval To Become Deputy CEO Of Libra Internet Bank
03.20.2024
Lucian Anghel, who ran Banca Romaneasca between January 2020 and December 2022 has received approval from Romania’s central bank to become deputy... more
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Romgaz Makes RON201M Term Deposit With Exim Banca Romaneasca
03.20.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (March 20) announced its shareholders in a stock market report that it... more
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Banca Transilvania To Repurchase Shares Worth Maximum RON60M
03.20.2024
Banca Transilvania (stock symbol: TLV), the largest lender in Romania, by assets, has announced that its Board of Directors decided on March 19,... 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.