04.01.2014

Romanian lender Banca Transilvania (TLV.RO) estimates its pretax profit will rise 16% to 512 million lei (EUR114.7 million) in 2014, helped by a 7% increase in operating income and a slowdown in cost more

03.28.2014

Romania’s central bank has suspended the voting rights of four more shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO) after finding they have been acting in concert with Ilie more

03.26.2014

Romanian lender Banca Transilvania (TLV.RO) on Wednesday proposed increasing its share capital by 352.7 million lei (EUR78.9 million) to RON2.55 billion by incorporating part of the bank’s reserves. more

03.24.2014

The managing board of Banca Carpatica (BCC.RO), headed by Belgian-born Johan Gabriels, maintains the bank needs a solid basis of own funds and that the possible acquisition of banking assets or loan more

03.18.2014

Romanian power supplier and energy trader Tinmar, owned by businessman Augustin Oancea, borrowed EUR7 million from commercial lender Banca Comerciala Carpatica for the development of an 8.5-MW solar more

03.13.2014

Romania’s central bank has suspended the voting rights of two large shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO), saying the stockholders no longer meet the “good more

02.25.2014

Romanian lender Banca Transilvania (TLV.RO) targets this year a 10% increase in both the number of clients and the value of managed assets for its private banking division, the bank said in a more

02.14.2014

Romanian lender Banca Comerciala Carpatica (BCC.RO) Friday said its net profit rose 77% on the year to 38 million lei (EUR8.6 million) in 2013, fueled by higher revenue from lending and a RON12 more

02.13.2014

Romanian lender Banca Transilvania (TLV.RO) Thursday said its net profit rose 17% to 374.9 million lei (EUR83.7 million) in 2013, on higher revenue from lending. more

12.09.2013

Financial group Banca Transilvania holds 11.91% in Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz. more

11.26.2013

Romanian canned meat producer Scandia Food has borrowed EUR22 million from local lender Banca Transilvania (TLV.RO) to upgrade equipment and finance new investment, the company said Tuesday. more

11.18.2013

Romanian lender Banca Transilvania (TLV.RO) plans to repurchase 0.04% of its shares, as part of a three-year buyback program aimed to motivate employees, the bank said in a statement Monday. more

11.07.2013

The European Investment Fund and Romanian bank Banca Transilvania (TLV.RO) have signed a EUR21 million financing agreement under the European Progress Microfinance Facility for on-lending to small and more

11.04.2013

Banca Transilvania (TLV.RO), the Romanian bank that has gained around 2.5% of market share since the beginning of the crisis, has no skeletons in its closet, says Omer Tetik, the bank’s CEO. He more

10.31.2013

Romanian lender Banca Comerciala Carpatica (BCC.RO) said Thursday its net profit rose 61% on the year to 19 million lei (EUR4.31 million) in the first nine months of 2013. more

10.31.2013

Romanian lender Banca Transilvania (TLV.RO) reported a net profit of 240.2 million lei (EUR54.4 million) for the first nine months, down 9.5% on the year, the bank said in a statement Thursday. more

10.18.2013

Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calbureanu, plans to borrow 28.7 million lei (EUR6.4 million) from lender Banca Transilvania to finance more

10.16.2013

Romanian lender Banca Transilvania (TLV.RO) will open a branch in Rome, Italy, in November and will shut down its operations in Cyprus as of December 1, the bank said in a statement Wednesday. more

10.09.2013

Businessman Jean Valvis is investing EUR8.9 million in a 5-megawatt photovoltaic park in Calarasi county, southern Romania, and the project is close to completion. more

10.03.2013

National Bank of Greece has agreed with the European Union's competition authorities to exit the Southeastern European markets where it currently operates, including Romania, Greek newspaper more

10.01.2013

Romanian lender Banca Comerciala Carpatica Tuesday elected three Supervisory Board members extending the mandates of two of its old members, Nicolae Petria and Doina Toader. more

09.25.2013

Banca Comerciala Carpatica (BCC.RO), the only Romanian-held bank listed on the Bucharest Stock Exchange, needs an additional EUR10 million to EUR30 million, chief executive officer Johan Gabriels more

09.16.2013

Romaqua, one of the largest Romanian-held companies in the fast moving consumer goods sector, is giving the lead to borrowing in lei, after refinancing an about 500 million lei (EUR112 million) taken more

09.11.2013

Roberto Marco Marzanati, vice-president of the Managing Board of Romanian lender Banca Transilvania (TLV.RO), Tuesday sold a stake representing 0.07% of the bank’s shares for 2.2 million lei more

08.14.2013

Romanian lender Banca Comerciala Carpatica (BCC.RO) Wednesday said first-half net profit rose 74.6% on the year to 16.1 million lei (EUR3.63 million), on higher revenue from lending. more