03.31.2021

The World Bank expects Romania's economy to grow 4.3% in 2021 and 4.1% in 2022, after contracting 3.9% 2020, while the inflation is expected to grow to 3%, compared with 2.6% in 2020, per a report on more

03.31.2021

Software and technology company Qualitance and Patria Bank have concluded a partnership aimed at developing digital products for the bank’s clients. more

03.25.2021

Jewelry store chain Teilor has contracted two loans from Raiffeisen Bank, of one of EUR1.6 million for working capital and one of RON5 million for investments. more

03.24.2021

Greek-owned Alpha Bank Romania, one of the top ten lenders in Romania, reported a pre-tax profit of EUR21.3 million for 2020, operating revenue of EUR137.8 million, and a loan portfolio of EUR2.6 more

03.23.2021

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Tuesday in a market report it has deposited RON151 million with CEC Bank for one year at a negotiated interest of 1.75% a year. more

03.22.2021

Lender ING Bank Romania on Monday said its revenues grew 3% in 2020, to RON2.1 billion, but it pre-tax profit dropped 37% on the year, to RON574 million. more

03.17.2021

Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON644 million for 2020, 17% lower than in 2019, under the impact of the pandemic and a more

03.16.2021

Romania's central bank has revised its inflation forecast for the end of 2021 to 3.4% from a previous projection of 2.5%, it said in its March Inflation Report released Tuesday. more

03.16.2021

TBI Bank, with main operations in Bulgaria and Romania and banking operations in Germany, Sweden, Denmark and Poland, is extending its presence in the region and entering the Lithuanian market. more

03.15.2021

Romania's central bank on Monday decided to hold the benchmark interest rate at a record low of 1.25% a year, as inflation spiked above 3% since the beginning of the year on higher energy prices. more

03.15.2021

Real estate developer Oasis Retail Development & Consulting, owned by Klaus Reisenauer and Kurt Wagner, has taken a EUR9 million loan from OTP Bank to build a 60,000-square-meter retail park in the more

03.11.2021

Bergamot Developments, owned by Impact Developer (IMP.RO), has contracted a EUR5.7 million loan from Libra Internet Bank to refinance its loans from parent-company. more

03.11.2021

The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from more

03.09.2021

The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central more

03.05.2021

OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON22 million in 2020, lower than in 2019 due to increased risk costs amid more

03.02.2021

Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania. more

03.01.2021

Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the European more

03.01.2021

Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported a net profit of RON2.8 million for 2020, down 48% compared with 2019. more

02.18.2021

Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe, operated by Dutch Damen Shipyards Group, to fund current more

02.16.2021

One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), which will more

02.16.2021

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing more

02.16.2021

Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data. more

02.11.2021

International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on more

02.08.2021

International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28% from EUR5.6 million in 2019, the bank said in a more

02.08.2021

Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT more