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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Garanti BBVA Leasing Takes Out EUR20M Loan from BSTDB To Aid Romania SMEs
today, 09:44
Garanti BBVA Leasing, part of Garanti BBVA Romania, is strengthening its commitment to support SMEs in Romania by taking out a EUR20 million loan... more
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Mircea Cotiga Takes Over As CEO Of TechVentures Bank
yesterday, 18:57
Mircea Cotiga, with 16 years of experience in the financial sector and six years as entrepreneur, has taken over the position of Chief Financial... more
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Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance
yesterday, 16:34
Romania's central bank has announced in a press statement on Dec.10 that its Board of Directors approved on September 30, 2024 the Internal... more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On Dec 9
12.09.2024
Romania's Finance Ministry raised roughly RON2 billion from banks on Monday (Dec 9.), selling government paper in two auctions, at annual average... more
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Bucharest Stock Exchange Launches Revised Corporate Governance Code For Romanian Market With EBRD Support
12.09.2024
The Bucharest Stock Exchange (BVB) has published on Monday (Dec. 9) the revised corporate governance code for the Romanian market, which was... more
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Romania To Launch This Year's Last Edition Of TEZAUR Treasury Bills Program, On Dec 9
12.06.2024
Romania’s finance ministry has announced on Friday (Dec 6, 2024) that it will launch this year's last edition of the TEZAUR Treasury bills... more
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Salt Bank Wins Award for Best Use of Tech in Retail Banking at London Banking Tech Awards 2024
12.06.2024
Salt Bank, the first Romanian neobank, has won the award for Best Use of Tech in Retail Banking at London Banking Tech Awards 2024, with the... more
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"The Banker”, Part Of "Financial Times" Group, Designates BRD As "Bank Of The Year In Romania" For 2nd Straight Year
12.05.2024
BRD Groupe Societe Generale was designated "Bank of the Year in Romania" for the second consecutive year, during the ceremony organized on December... more
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Dennis Rijksen To Take Over As CEO Of ING Hubs Romania Starting Jan 1, 2025
12.05.2024
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services,... more
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CFA Romania Analysts: Economic Confidence Plummets amid Extremely High Political Uncertainty and Soaring Investor Risk Aversion
12.05.2024
The Macroeconomic Confidence Index of CFA Romania Association plunged in November by 13.5 points to 31.4 points, the lowest level since July 2020,... more
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Clifford Chance Badea Assisted Banks in CEC Bank’s Latest EUR300M Bond Issue
12.05.2024
Clifford Chance Badea and Clifford Chance Frankfurt have assisted Erste Group Bank A.G. and ING Bank N.V. as Joint Lead Manager and Co-Arrangers,... more
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Costin Mincovici Appointed Member Of tbi bank’s Management Board
12.04.2024
tbi bank, one of the leading challenger banks in Southeast Europe, has announced the appointment of Costin Mincovici, the bank’s Chief Credit... more
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Kearney: Over Half of Banking Interactions in Romania for New Product Purchases Are Entirely Digital, Almost Double from 2020
12.04.2024
More than half (57%) of interactions Romanians have with their banks for new product purchases are digital, a level that is almost double the 2020... more
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iBanFirst: Forex Market Outlooks in 2025
12.04.2024
High volatility, rising global trade tensions, US dollar strength and a stable EUR/RON exchange rate are several forex market tendencies in 2025,... more
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Finance Ministry Raises RON710M From Banks On Dec 2
12.02.2024
Romania's Finance Ministry raised RON710 million from banks on Monday (Dec 2, 2024) selling benchmark bonds, at an annual average yield of 7.18%. more
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Dentons Advises CEC Bank On Update Of Its Medium-Term Note Program, On EUR300M Senior Non-Preferred Eligible Notes Issuance
12.02.2024
Global law firm Dentons has announced in a press statement on Dec 2 that it has advised CEC Bank on the update of its existing Medium-Term Note... more
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Vista Bank Getting Ready To Issue Up To EUR100M Worth Of Bonds
11.28.2024
Vista Bank (formerly Marfin) wants to raise cash over the next five years via senior, subordinated and convertible corporate bonds, denominated in... more
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Finance Ministry Raises RON500M From Banks On Nov 28
11.28.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 28, 2024) selling benchmark bonds, at an annual average yield of 7.32%. more
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CFA Romania Analysts Say Romania Economy Performed Below Potential in 2024 and Will Continue To Decelerate in 2025
11.28.2024
CFA Romania financial analysts’ economic growth outlooks continue to deteriorate, with the latest survey pointing to a 1.6% value, while for 2025... more
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Finance Ministry Raises EUR348M From Banks Via Two Bond Issues On Nov 27
11.27.2024
Romania's Finance Ministry raised EUR348 million from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.