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 RON348M From Banks Selling Treasury Bills On October 2
10.02.2023
Romania's Finance Ministry raised RON348 million from banks on Monday (October 2), below the targeted level of RON500 million, selling treasury... more
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Romania Forex Reserves Surge To EUR59.23B On Month In September 2023
10.02.2023
Romania's foreign exchange reserves stood at EUR59.23 billion in September 2023, higher by EUR5.3 billion versus August 2023, after Romania had... more
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Banca Transilvania Gets Shareholder Vote To Distribute RON900M Dividends
09.29.2023
Romania’s largest lender Banca Transilvania (TLV.RO) has secured shareholders’ vote to distribute RON900 million as dividends from the profit... more
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CEC Bank Climbs To 4th Place Among Lenders in Romania
09.28.2023
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 4th place in the ranking of the largest banks in Romania by... more
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ING Bank Ends H1/2023 With RON750M Net Profit, Up 29% YoY, RON1.63B Revenue, Up 15% YoY
09.28.2023
ING Bank, the local subsidiary of Dutch ING Group, reported a net profit of RON750 million for the first half of 2023, up 29% on the year, and... more
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Finance Ministry Raises RON1.8B From Banks On September 25
09.25.2023
Romania's Finance Ministry raised RON1.8 billion from banks on Monday (September 25), selling government paper in two auctions, at annual average... more
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CEO François Bloch Leaves BRD With 50% Higher Assets
09.21.2023
French executive François Bloch, appointed to run BRD-SocGen in 2016, is leaving his position on September 26, 2023, to pursue other opportunities... more
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Finance Ministry Raises RON1.33B From Banks On September 21
09.21.2023
Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (September 21), selling government paper in two auctions, at annual... more
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CEC Bank Launches New Product For Romanian Agriculture Sector
09.20.2023
Romanian state-run CEC Bank is launching a new product for the local agriculture sector, namely, the loan with instant approval intended for cereal... more
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Finance Ministry Raises RON767M From Banks Selling Treasury Bills On Sept 18
09.18.2023
Romania's Finance Ministry raised RON767 million from banks on Monday (Sept 18) selling treasury bills maturing in 2028, at an annual average yield... more
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IMF Set to Come to Bucharest on September 25
09.18.2023
The International Monetary Fund announced today that a team led by Jan Kees Martijn will be in Bucharest during the September 25-October 4 period... more
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Sale Of OTP Bank Romania Pushed Into October
09.14.2023
The sale of OTP Bank Romania – submission of final bids, choosing a winner – has been pushed from September into October and those still in... more
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Finance Ministry Raises RON623M From Banks Selling Treasury Bills On Sept 14
09.14.2023
Romania's Finance Ministry raised RON623 million from banks on Thursday (Sept 14) selling treasury bills maturing in 2024, at an annual average... more
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CEC Bank Ends 1H/2023 with RON369.4M Net Profit, RON69M Assets, almost 30% Higher
09.12.2023
CEC Bank ended the first half of this year with estimated, unaudited net profit of RON369.4 million, from RON110.8 million in 1H/2022, and assets... more
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Finance Ministry Raises RON500M From Banks On Sept 11
09.11.2023
Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 7), selling government paper with a nominal value of RON500 million... more
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Filip & Company Assists AROBS Transilvania Software In Transfer Of Shares To Main Market Of Bucharest Stock Exchange
09.11.2023
Law firm Filip & Company has provided legal assistance to AROBS Transilvania Software (AROBS.RO), a global provider of tailor-made software... more
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Three-Month ROBOR Stays Put At 6.40% A Year
09.08.2023
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 RON550M From Banks On Sept 7
09.07.2023
Romania's Finance Ministry raised RON550 million from banks on Thursday (Sept 7), selling government paper with a nominal value of RON500 million... more
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Romania's Antitrust Body Conducts Unannounced Inspections At Several Bank Offices
09.07.2023
Romania’s Competition Council carried out unannounced inspections at the premises of several commercial banks suspected of having colluded to set... more
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Norofert Closes EUR2M Working Capital Loan Early
09.06.2023
Romanian producer of organic farming inputs Norofert (NRF.RO) has announced its shareholders in a stock market report about the early closing of a... 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.