Fitch affirms 4 Romanian banks’ IDRs


Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at ‘BBB+’, UniCredit Bank S.A. (UCBRO) at ‘BBB-‘ and Banca Transilvania S.A. (BT) at ‘BB’, a press release ...

Read More »

UniCredit report: BNR could allow gradual depreciation of RON to 4.70 units per EUR in Q1 2018


The economic growth above 5% anticipated for 2017 is hiding increasing fiscal imbalances, a quarterly report issued on Friday by UniCredit Bank informs. “Ad-hoc decisions, tax increases and public investment cuts could keep the budget deficit below 3% of the ...

Read More »

Number of debtors to banks continued to grow in August


The number of individuals with more than 30 days arrears in banks and non-banking financial institutions increased by 1.14 percent in August compared to the previous month, reaching 676,017, National Bank of Romania (BNR) data shows. They had arrears of ...

Read More »

The 3-month ROBOR index declines after 15 consecutive days of growth

bnr's profit

The 3-month ROBOR index, according to which interest rates on most RON loans are calculated, has reached 1.79% after 15 consecutive days of growth, according to data released by the National Bank of Romania (BNR) on Wednesday. ROBOR at 3 ...

Read More »

ROBOR at three months up to 1.80pc. BNR Governor says ANAF’s higher tax collection has led to the index’s growth

mugur isarescu

The National Bank of Romania (BNR) has decided to maintain the key interest rate, maintaining minimum reserves at current levels, Governor Mugur Isarescu said on Tuesday at a news conference. The Board of the National Bank of Romania decided to ...

Read More »