05.03.2022

Beginner entrepreneurs in Romania may enroll between May 2 - 20, 2022 into the Startup Studio by Factory program launched by Raiffeisen Bank, within which business ideas are debated with mentors and more

05.03.2022

Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers. more

05.02.2022

Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020. more

04.19.2022

Banca Transilvania (BT.RO), the largest bank in Romania by assets, will be finalizing the integration of Idea Bank into Banca Transilvania financial group on June 13, 2022, almost one year since the more

04.15.2022

Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.” more

04.15.2022

Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with more

04.13.2022

Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating assigned to the mortgage covered bonds issued by lender Alpha Bank Romania. more

04.11.2022

OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes more

04.11.2022

The World Bank downwardly revised its growth forecast for Romania's economy to 1.9% for 2022 from a previous projection of 4.3% in January, as per a report analyzing Ukraine war fallout over Eastern more

04.08.2022

David Malpass, President of the World Bank Group, will arrive in capital Bucharest on Wednesday, April 13, 2022, for a two-day visit, which will be his first trip to Romania as World Bank Group more

04.08.2022

Tradesilvania, the premium platform for investing in digital goods, has concluded a new strategic partnership with TechVentures Bank whereby Romanians will be able to safely access digital assets. more

04.06.2022

Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable from more

04.05.2022

First Bank grants loans with 50% discount to companies that want to install photovoltaic panels to recover their electricity costs. Thus, companies can become prosumers and, by implementing green more

04.05.2022

Romania's central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022. more

04.05.2022

TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a more

03.31.2022

ING Bank Romania on Thursday announced that Lucica Pitulice would take over the position of Chief Financial Officer (CFO), starting with Friday, April 1, 2022 more

03.30.2022

Romanian natural gas producer and supplier Romgaz (SNG.RO) said on Wednesday that it signed a bank loan agreement with Raiffeisen Bank in the amount of EUR325 million which covers a part of the price more

03.29.2022

Romania’s Competition Council is looking into a transaction whereby Dan Ostahie is acquiring Porsche Bank Romania S.A. more

03.24.2022

Lender ING Bank Romania participates in 2022 too in the IMM Invest program whereby small and mid-sized enterprises (SMEs) can access state-guaranteed loans for investments or working capital. more

03.23.2022

Credit Europe Bank Romania becomes a partner of the Romanian Fintech Association (Rofin.tech), an association that includes companies founded by Romanian entrepreneurs, which develop technological more

03.23.2022

Alpha Bank Romania introduces on the local market three investment funds available in euro and dollar denominations, which are registered in Luxembourg and address investors who wish to have a more

03.15.2022

The Ovidius Clinical Hospital (OCH) in Constanta has taken out a loan of RON80 million (EUR16 million) from lender ING Bank which will be used for the construction of a new building that will include more

03.15.2022

Lender Alpha Bank said its loan portfolio in Romania grew by 3.3% to over EUR2.7 billion at end-2021 due to a 72% increase in new corporate loans and a 46% rise in new retail loans. more

03.09.2022

Fitch Ratings has assigned Romania-based CEC Bank S.A. (CEC) a Long-Term Issuer Default Rating (IDR) of ‘BB’ with Stable Outlook, Viability Rating (VR) of ‘bb’ and Government Support Rating more

03.08.2022

UniCredit Bank Romania, controlled by the Italian group of the same name, decided to pay out dividends of around RON583.9 million (EUR117 million) to shareholders for 2021 financial year, accounting more