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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ARB: Banks Granted Over RON410B New Loans Between Jan 2020 And Aug 2023 Or 29% of 2022 GDP
11.02.2023
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023,... more
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Romania Forex Reserves Down To EUR58.1B In October 2023
11.01.2023
Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data... more
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Law Firm Clifford Chance Badea Assisted J.C. Flowers In First Bank Sale
10.31.2023
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of... more
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Three-Month ROBOR Ends October At 6.35%
10.31.2023
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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Finance Ministry Raises RON303M From Banks On October 30
10.30.2023
Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in... more
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First Bank Announces Sale To Italy’s Intesa Group
10.30.2023
US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania. more
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CEC Bank And Tarom Sign Partnership For Settlement Of International Ticket Purchases by Card
10.30.2023
CEC Bank and Tarom have signed a partnership agreement that will provide payment acceptance services for bank cards issued under the Visa and... more
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BCR Reports RON1.69B Net Profit in Jan-Sept, Up 10.3% YOY
10.30.2023
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2023 posted net profit worth RON1.69... more
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Socep Constanta Approves Taking EUR19M Loan From BRD-SocGen
10.27.2023
Port operator Socep Constanta (SOCP.RO) has approved a loan it will take out from BRD- Groupe Société Générale (BRD.RO) to continue the... more
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CEC Bank Signs EUR105M Agreement With EIF To Fund SMEs Business Growth
10.26.2023
Romanian state-run CEC Bank has signed a new agreement, of EUR105 million, with the European Investment Bank (EIB) to support small and... more
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Finance Ministry Raises RON1.09B From Banks On October 26
10.26.2023
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (October 26), selling government paper in two auctions, at annual average... more
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European Investment Fund And Raiffeisen Bank Romania Sign Agreement For SMEs Funding
10.26.2023
The European Investment Fund (EIF) is granting Raiffeisen Bank Romania two guarantee schemes worth EUR400 million to fund the investments carried... more
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European Investment Fund And Five Romanian Banks Team Up To Support SMEs For Sustainable Growth
10.25.2023
The European Investment Fund (EIF) has signed agreements with five banks to support Romania’s small and medium-sized enterprises (SMEs). more
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World Bank: Romania Could Substantially Improve Living Standards While Decarbonizing Its Economy By 2050
10.24.2023
Romania could raise its national income by almost three times in the next three decades while taking action to improve resilience against climate... more
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Three-Month ROBOR Drops To 6.38% A Year On Oct 24 After Stagnating At 6.40% For Over 50 Days
10.24.2023
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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iBanFirst: Currency Volatility Expected To Return In 2024
10.24.2023
In its 2024 Foreign Exchange Market Outlook released this week, iBanFirst provides Romanian companies, especially those doing international... more
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Finance Ministry Raises RON653M From Banks Selling Treasury Bills On October 23
10.23.2023
Romania's Finance Ministry raised RON653 million from banks on Thursday (October 23), above the targeted level of RON600 million, selling treasury... more
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Alpha Bank Romania and UniCredit Bank Romania Set to Merge
10.23.2023
Greek group Alpha Services and Holdings, which owns Alpha Bank, and Italian group UniCredit have agreed the main financial conditions for the... more
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Finance Ministry Raises RON326M From Banks Selling Treasury Bills On October 19
10.20.2023
Romania's Finance Ministry raised RON326 million from banks on Thursday (October 19), below the targeted level of RON500 million, selling treasury... more
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Finance Ministry Raises Nearly RON1 Billion From Banks Selling Treasury Bills On October 16
10.16.2023
Romania's Finance Ministry raised RON999 million from banks on Monday (October 16) selling treasury bills maturing in 2024, 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.