OTP Bank Romania announces the financial results for Q3 2017

otp bank romania

OTP Group announced the financial results for the third quarter of 2017 on Tuesday. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Group reporting standards, OTP Bank Romania registered an after-tax ...

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BNR monetary policy meeting – economic growth in 2017, up faster than anticipated, to slow down in 2018 and lose momentum in 2019

economic activity

According to the minutes of the monetary policy meeting of the National Bank of Romania Board on November 7, 2017 the Board discussed and adopted the monetary policy decision, based on the data and analyses on the recent characteristics and ...

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Romania’s FDI, in a slight increase after nine months, BNR shows


According to National Bank of Romania (BNR)’s estimates, the non-residents’ direct investment (FDI) in Romania totalled EUR 3,352 million in the first nine months of 2017, compared with EUR 3,307 million in the same period in 2016, of which equity (including ...

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Romanian currency hits historic low against euro – 4.6495

romanian currency

The national currency has reached on Monday the weakest value since 2012 until now against the euro, the exchange rate announced by the National Bank of Romania (BNR) is RON 4.6495 for one euro, up by 0.23 percent compared to ...

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Bancpost’s takeover by Banca Transilvania went straight. The acquisition agreement to be signed at end-November


Eurobank and Banca Transilvania have been pursuing exclusive negotiations as regard to the potential sale of Bancpost, ERB Retail Services IFN SA and ERB Leasing IFN S.A in Romania, a press release informs. ”During the last few weeks there has ...

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ING Romania – profit of RON 391 M in Q3, up by 35 pc

ING Romania

After the 9 months of 2017, ING Romania reports a profit before tax of RON 459 million, mainly due to a strong development of the portfolio, healthy risk levels and an increase in number of clients, a press release informs. ...

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EUR/RON exchange rate exceeds the 4.60 threshold to reach 4.6198 units, highest in the past 5 years


The National Bank of Romania (BNR) has announced on Wednesday an exchange rate between the European currency and the national currency of 4.6198 units, thus above the 4.60 units threshold it attempted to reach during the past several months. It ...

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Moody’s upgrades Raiffeisen Bank Romania’s local currency deposit rating to Baa2


Moody’s Investors Service has upgraded Raiffeisen Bank Romania’s long-term and short-term local-currency deposit ratings to Baa2/Prime-2 from Baa3/Prime-3, a press release informs. The bank’s Baa3/Prime-3 long-term and short-term foreign-currency deposit ratings, constrained by the respective country ceiling for Romania, were ...

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Banca Transilvania shows interest in buying Moldova’s Victoriabank

photo source: sputnik.md

Banca Transilvania plans to acquire an initial indirect stake of over 39 percent of the share capital of Victoriabank, the third largest bank in the Republic of Moldova, a press release informs. The transaction is in the process of request ...

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Update: BNR holds key rate at 1.75 pc. ‘We anticipate a statistical peak of inflation in Q1 2018,’ Governor Isarescu says


In its Tuesday meeting, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum, as a press release informs. At the same time, the central bank decided to ...

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