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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Finance Ministry Raises RON1.3B From Banks Via Two Bond Issues On March 11
03.11.2024
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (March 11), selling government paper in two auctions, at annual average... more
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Impact Developer & Contractor Contracts Via Branch A RON20M Loan From Vista Bank
03.09.2024
Real estate developer Impact Developer & Contractor (IMP.RO) has obtained a loan worth RON19.5 million through the branch RCTI Company, as per a... more
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OTP Bank Romania's 2023 Consolidated Net Profit Jumps Seven-Fold To Record High Of RON262M
03.08.2024
OTP Bank Romania recorded consolidated net profit of RON262 million in 2023, seven times higher than the level reported in 2022,as per the report... more
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European Investment Bank Reports Record Financing For Romanian Economy
03.08.2024
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy,... more
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Alpha Bank Ends 2023 with EUR38M Net Profit, Up 15% YOY
03.08.2024
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the... more
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Finance Ministry Raises RON1.4B From Banks Via Two Bond Issues On March 7
03.07.2024
Romania's Finance Ministry raised RON1.4 billion from banks on Thursday (March 7), selling government paper in two auctions, at annual average... more
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Shareholders To Discuss Cross-border Merger By Absorption Whereby Credit Europe Bank Romania Will Be Absorbed By Credit Europe Bank N.V.,
03.07.2024
The shareholders of Credit Europe Bank Romania will convene in extraordinary general meeting towards the end of March 2024 to discuss “the... more
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Banca Transilvania Climbs To 3rd Spot Among World's 2024 Most Powerful Banking Brands
03.06.2024
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024, as per a new report from... more
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Banca Transilvania Deputy CEO Sells RON2.5M Worth Of Bank Shares
03.05.2024
Tiberiu Moisa, Deputy CEO of Banca Transilvania (TLV.RO), the largest lending institution in Romania, sold RO2.5 million worth of the bank's shares... more
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Finance Ministry Raises RON1B From Banks Via Two Bond Issues On March 4
03.04.2024
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields... more
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Romania Forex Reserves Grow To EUR63.12B In February 2024
03.01.2024
Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank... more
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Banca Comerciala Romana Announces Launch Of BCR Romania PMI Index
03.01.2024
Banca Comerciala Romana (BCR), in collaboration with the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR),... more
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Three-Month ROBOR Ends February at 6.08%
03.01.2024
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 RON441M From Banks On February 29, 2024
02.29.2024
Romania's Finance Ministry raised RON441.3 million from banks on Thursday (February 29, 2024), selling benchmark bonds with a scheduled value of... more
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BCR Rakes In RON2.32B Net Profit in 2023, Up 33% YOY
02.29.2024
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON2.32 billion (EUR469 million) in 2023,... more
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CFA Financial Analysts Project 5.57% Inflation, See Leu at 5.0416 Units/Euro in Next 12 Months
02.27.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0416 units/euro in the... more
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Banca Transilvania Reports RON2.41B Net Profit for 2023, Up 16%
02.27.2024
Banca Transilvania, Romania’s largest lending institution, reported net profit worth RON3 billion at group level, up 20% from 2022, with the... more
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Revolut Enters Bank Deposit Market In Romania; Launches Its First Savings Product With Interest In Romania
02.26.2024
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million... more
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Finance Ministry Raises RON580M From Banks On February 26, 2024
02.26.2024
Romania's Finance Ministry raised RON580 million from banks on Monday (February 26, 2024) selling bonds with a nominal value of RON400 million due... more
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tbi bank Appoints Alex Garmash As Merchant Ecosystem Leader
02.26.2024
tbi bank, a mobile-first challenger bank in South East Europe, has appointed Alex Garmash to the position of Merchant Ecosystem Leader. more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.