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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GalicSud To Build Solar PV Park In Mehedinti County; Libra Internet Bank Grants EUR8M Financing
06.09.2023
The company GalicSud based in Ramnicu Valcea is set to build a photovoltaic (PV) park of nearly 200,000 square meters in Mehedinti County, in the... more
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NBR Survey: Banks Tightened Lending Standards in 1Q/2023
06.09.2023
Romania lending institutions in the first quarter of 2023 tightened lending standards for all loan categories amid expectations about the overall... more
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Finance Ministry Raises RON2.6B From Banks On June 8
06.08.2023
Romania's Finance Ministry raised RON2.6 billion from banks on Thursday (June 8), selling government paper maturing in 2038, at an annual average... more
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UniCredit Bank Participated In Granting EUR250M Credit Facility To RCS-RDS Group
06.08.2023
UniCredit Bank has participated, alongside other banks in Romania, to the granting of a syndicated loan worth a total EUR250 million to RCS-RDS... more
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tbi bank Partners Up With EuPlatesc.ro To Offer Customers The Buy Now Pay Later Solution
06.08.2023
tbi bank has concluded a partnership with payment processor EuPlatesc.ro, which works with almost 2,000 merchants, in order to offer consumers the... more
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Norofert Gets RON5M Loan From CEC Bank
06.07.2023
Romanian producer of organic farming inputs Norofert (NRF.RO) has notified shareholders about taking out a RON5 million loan from CEC Bank to use... more
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Banca Transilvania: Private Consumption To Grow By 2.9% In 2023, By 4.8% In 2024 And 2025; Average Inflation At 9.3% In 2023
06.07.2023
Lender Banca Transilvania forecasts an increase of 2.9% in private consumption in 2023 and of 4.8% in 2024 and 2025, respectively, in parallel with... more
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Three-Month ROBOR Starts June Stuck At 6.55%
06.06.2023
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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Intesa Sanpaolo Romania Posts EUR2M Net Profit In Q1
06.06.2023
Intesa Sanpaolo Romania, the local subsidiary of Italy’s banking group by the same name, posted EUR2 million net profit in the first quarter of... more
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VIG Ends Q1/2023 With EUR3.871B Underwritings, Up 12.1% YoY
05.31.2023
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended the first three months... more
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EY: UK And European Banks Report Strong Progress Towards Basel III Compliance
05.31.2023
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025... more
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BCR Debuts On Bucharest Stock Exchange With First International Issue Of Green Eurobonds By A Romanian Bank
05.30.2023
Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, is listing on Tuesday (May 30) the first international issue... more
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Finance Ministry Raises RON817M From Banks On May 29
05.29.2023
Romania's Finance Ministry raised RON817 million from banks on Monday (May 29), selling government paper maturing in 2030, at an annual average... more
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Allianz-Tiriac Ends Q1/2023 With RON848M Underwritings, Up 4% YoY
05.29.2023
Insurance company Allianz-Tiriac, part of Germany's Allianz Group, ended the first three months of 2023 with total underwritings of RON848 million,... more
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Banca Transilvania Wants to Grow Only in Romania
05.29.2023
Banca Transilvania, the biggest player in the local banking system, wants to grow only in Romania, with a focus on organic growth, without mulling... more
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UniCredit and Mastercard Expand Payments Partnership To 13 UniCredit Subsidiaries In 12 Markets, Including Romania
05.26.2023
UniCredit and Mastercard have announced on Friday (May 26) the global expansion of their payments partnership through an agreement that targets 13... more
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Romgaz Makes RON450M Term Deposit With Eximbank
05.25.2023
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (May 25) said in a stock market report that it placed with Romania’s... more
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Wolf Theiss Advises Banca Comerciala Romana On Its First Green Eurobond Issue Worth EUR700M
05.25.2023
The Romanian office of the CEE / SEE law firm Wolf Theiss acted as legal advisor to Banca Comerciala Romana (BCR) in relation to its inaugural... more
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BCR's First International Issue Of Green Eurobonds Enters Trading On Main Market Of Bucharest Stock Exchange On May 30
05.25.2023
The Bucharest Stock Exchange (BVB) has announced that it will start trading the green Eurobonds issued by BCR in the amount of EUR700 million, on... more
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Finance Ministry Raises RON3.7B From Banks On May 25
05.25.2023
Romania's Finance Ministry raised RON3.7 billion from banks on Thursday (May 25), selling government paper maturing in 2038, at an annual average... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.