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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Vrancart Contracts EUR21.4M Credit Facility From ING Bank For Company's Growth
11.16.2023
Corrugated cardboard maker Vrancart (VNC.RO) has contracted a credit facility of EUR21.4 million from ING Bank to support the company's growth. more
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CEC Bank Raises EUR162.6M Via Bond Issue
11.16.2023
CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior... more
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Idea Bank Changes Name To Salt Bank, Becomes First 100% Digital Bank Made In Romania
11.16.2023
Idea Bank, which Banca Transilvania acquired two years ago, will change its name to Salt Bank and will become the first 100% digital bank made in... more
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Patria Bank Posts RON15M Net Profit And RON141M Net Banking Income In Jan-Sep 2023
11.15.2023
Lender Patria Bank (PBK.RO), held by Emerging Europe Accession Fund (EEAF), ended the first nine months of 2023 with RON15 million net profit, the... more
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Millenium Insurance Broker Reaches RON42M Turnover, RON2.3M Net Profit in Jan-Sept 2023
11.15.2023
Insurance broker Millenium Insurance, majority owned by mobility network Autonom Services, reported RON42 million turnover in the first nine months... more
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Finance Ministry Raises RON758M From Banks On November 13
11.13.2023
Romania's Finance Ministry raised RON757.6 million from banks on Monday (November 13), above the planned level of RON500 million, selling bonds due... more
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OTP Bank Romania Reaches RON236M Consolidated Net Profit in Jan-Sept 2023
11.13.2023
OTP Bank Romania in the first nine months of 2023 posted RON236 million consolidated net profit. more
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Banca Transilvania Posts RON2.3B Net Profit In Jan-Sep
11.10.2023
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of... more
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First Loan Via InvestEU In Romania Goes To Antibiotice Iasi For New Plant
11.10.2023
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will... more
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Finance Ministry Raises RON825M From Banks On November 9
11.09.2023
Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million,... more
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BNP Paribas Raises RON100M Via Bonds From Private Pension Fund Vital
11.08.2023
BNP Paribas, the largest bank in France, raised RON100 million from private pension fund Vital managed by Aegon in September, at a 7.35% yield per... more
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Financial Regulator OKs Remus Lapusan's Appointment As Executive Board Member Of Uniqa Asigurari de Viata
11.08.2023
Romania's Financial Supervisory Authority (ASF) has approved the appointment of Remus Lapusan as a member of the Board of Directors of life... more
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Romanian Central Bank Further Holds Benchmark Rate At 7%
11.08.2023
Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%. more
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Parcel Delivery Company Sameday Takes Out EUR25.3M Loan From Banca Transilvania
11.08.2023
Banca Transilvania is granting a EUR25.3 million loan to parcel delivery company Sameday, held by eMAG, to support its medium-term investment plan. more
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Finance Ministry Raises RON1.3B From Banks On November 6
11.06.2023
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (November 6), selling government paper in two auctions, at annual average... more
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Alpha Bank Posts EUR34M Net Profit At EUR4.4B Assets In Jan-Sep 2023
11.03.2023
Alpha Bank, a top ten lender by assets in Romania, posted EUR34 million net profit in the first nine months of 2023, while its assets reached... more
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Raiffeisen Bank Reports RON1.3B Profit for Jan-Sept 2023, Up 45% YOY
11.03.2023
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45%... more
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BRD Wants to Distribute Dividends with 5.5% Yield
11.03.2023
BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of... more
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BRD Jan-Sept 2023 Net Profit Up 19.4% YOY on 11.4% Higher Net Banking Income
11.03.2023
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4%... more
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Finance Ministry Raises RON1.5B From Banks On November 2
11.02.2023
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in... 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.