Household deposits in domestic currency recorded a significant increase of over 10 pc last month


Deposits of non-government resident customers added RON 33.8 million month-on-month to RON 258,529.6 million in September 2016, National Bank of Romania (BNR) announced on Tuesday, a press release informs. At the same time, RON-denominated household deposits increased by 0.2 percent ...

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Romanian banks, under ANAF’s eye


The National Agency for Fiscal Administration (ANAF) began the inspections on banks, finding many problems with “major consequences”, Ionut Misa, General Director of Large Tax Office said in a press conference on Friday, agerpres.ro informs. ANAF focuses also on the ...

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Fitch upgrades BCR’s VR and affirms long-term IDRs for another 4 Romanian banks


Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDRs) of BRD Groupe Societe Generale (BRD) at ‘BBB+’, Banca Comerciala Romana (BCR) and UniCredit Bank at ‘BBB’, and Banca Transilvania (BT) at ‘BB’. The Outlooks on BCR, BRD and BT’s ...

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Update: The Lower Chamber passes CHF conversion bill

CHF conversion

The Chamber of Deputies on Tuesday passed by 248 votes the bill on conversion of loans from CHF to RON. According to the bill, the loans in CHF are converted to RON at the exchange rate valid at the moment ...

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Fitch: CHF loans conversion, no immediate rating impact on Romanian banks

The law on the conversion of Swiss francs (CHF) loans allowing individuals to convert Swiss franc (CHF) loans into local currency at historical exchange rates and that is going to be passed by Romanian Parliament next week, will have no ...

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Additional funds of RON 500 M for the First House programme

first house

Public Finance Ministry (MFP) allots additional funds of RON 500 million for the First House programme, which are going to be distributed to commercial banks starting on Monday, a press release informs. The financiers having received funds are: Banca Romaneasca, ...

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Romania’s economic growth will peak this year after the financial crisis, Unicredit report shows


Romania’s GDP  growth  could  reach  a  post-financial  crisis  high  of  4.4 percent  this  year, Unicredit’s Quarterly Macroeconomic and Strategic report reveals on Tuesday. However, excluding agriculture, growth already peaked last year (4.2 percent vs. 4.1 percent in 2016). “We expect ...

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Romania’s forex reserves, up by over EUR 300 M in September


The National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 33,299 million on end-September, compared to EUR 32,968 million on the previous month, a press release informs on Monday. EUR 735 million inflows have taken place this September, ...

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International Investment Bank drew EUR 65 M funding on Romanian capital market


International Investment Bank (IIB), Moscow-based international organization, has attracted RON 300 million (around EUR 65 million) on Bucharest Stock Exchange (BVB) through a bond issue with a maturity of three years and a coupon of 3.4 percent per year, a press ...

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