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 Gets EUR20M Loan From IFC To Support SMEs 10.16.2023
Garanti BBVA Leasing, part of the Garanti BBVA Group, has signed a new EUR20 million loan agreement with the International Finance Corporation... more
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tbi bank Survey: One In Three Romanians Wants To Get A Loan In Next 12 Months 10.14.2023
More than a third of Romanians (34.3%) want to take out a loan in the coming months, of which almost 62% want a personal loan, according to a tbi... more
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Mihaela Lupu, The New CEO And Chairman Of The Board Of Directors Of UniCredit Bank In Romania 10.13.2023
Mihaela Lupu, currently Chief Financial Officer for Central and Eastern Europe within UniCredit Group, will be the new Chief Executive Officer... more
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Three-Month ROBOR Stays Put At 6.40% A Year 10.13.2023
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 RON973M From Banks Selling Treasury Bills On October 12 10.12.2023
Romania's Finance Ministry raised RON973.1 million from banks on Thursday (October 12), above the targeted level of RON600 million, selling... more
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Moody's Assigns Baa3 Counterparty Risk And Ba2 Deposit Rating To tbi bank 10.10.2023
tbi bank, a Southeastern Europe leading challenger bank, operating in Bulgaria, Romania, Greece, Germany, and Lithuania, was assigned an investment... more
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Garanti BBVA Extends Lease Contract For Its HQ In YUNITY Park For Five More Years 10.10.2023
Garanti BBVA has decided to extend its lease contract for five more years, maintaining the 7,200-square meter office space for its headquarters in... more
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Finance Ministry Raises RON600M From Banks Selling Treasury Bills On October 9 10.09.2023
Romania's Finance Ministry raised RON600 million from banks on Monday (October 9), selling treasury bills maturing in 2031, at an annual average... more
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Omniasig Reports Gross Written Premiums Of Over RON1.1B For H1/2023 10.09.2023
Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), reported gross written premiums of over RON1.1 billion in the first... more
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Poland’s Largest Bank PKO Wants to Enter Romania in Early 2024 10.09.2023
PKO Bank Polski, Poland’s largest state-owned bank, with assets accounting for almost 70% of the Romanian banking system, has announced it is set... more
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Insurer Rankings In H1/2023: Groupama Keeps Top Spot, With Roughly RON2B Gross Written Premiums 10.06.2023
Insurance company Groupama Asigurari remains the leader of Romania's overall insurance market, with a yet significant surge in gross written... more
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Regulator: Romanian Insurance Market Sees 4% Growth YoY To RON9.1B In H1/2023 10.06.2023
The Romanian insurance market reached a volume of gross written premiums of RON9.1 billion in the first half of 2023, an increase of almost 4%... more
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Finance Ministry Raises RON767M From Banks Selling Treasury Bills On October 5 10.05.2023
Romania's Finance Ministry raised RON766.3 million from banks on Thursday (October 5), above the planned level of RON600 million, selling treasury... more
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Romanian Central Bank Further Keeps Key Rate Unchanged At 7% a Year 10.05.2023
Romania's central bank has decided at its board meeting on Wednesday (October 5, 2023) to keep its benchmark interest rate on hold at 7% a year. more
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Three-Month ROBOR Stagnates At 6.40% A Year 10.04.2023
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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TBI Bank Reports EUR95M Revenue For H1/2023, Up 28% YoY 10.04.2023
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported revenue of EUR95 million for the first half of 2023, up 28%... more
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Romania's Financial Sector Attracted Net FDI Flow Of Just EUR1.6B In 2022, Half The 2021 Level 10.04.2023
The net flow of foreign direct investment (FDI) in the financial intermediation and insurance sector saw a 47.4% decline due mostly to removing... more
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Insurance Companies In Romania Reached Total Assets Of RON26.3B, Debts Of RON19.4B YoY In Q1/2023 10.03.2023
Total assets of insurance companies in Romania stood at RON26.3 billion at the end of the first quarter of 2023, up 2.5% on the year, while debts... more
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Metropolitan Life Pensii Private Buys RON15M Worth Of Banca Transilvania Shares In August 10.03.2023
Private pension fund Metropolitan Life Pensii Private, with assets worth RON16.2 billion invested on behalf of 1.1 million Romanians, made five... more
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Consumer Loan Reference Index IRCC Stays Below 6% By End-2023 10.02.2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, stays below 6% until the end... 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.