BNR’s Isarescu: The rise in energy prices to be seen in July inflation


The latest inflation forecasts, to be formally released this Tuesday, have been revised upwards – largely driven by higher energy prices, as National Bank of Romania (BNR) Governor Mugur Isarescu announced. BNR sees the inflation increasing from 1.6 percent at ...

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UPDATE BNR keeps monetary policy on hold

monetary policy

The Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum and to pursue adequate liquidity management in the banking system, a press release informs on Friday. At the ...

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BCR posts lower net profit by almost 52pc in H1


The Romanian Commercial Bank (BCR) recorded a net profit of RON 305 million (EUR 67.4 million) in the first six months of this year, by 51.9% less against the same period last year, a press release informs. “Against the same ...

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BRD doubles its profit in H1 to RON 750 M


BRD Group recorded a significant increase in profitability in the first half of the year, the net result reaching RON 750 million, almost doubled (+96.8 percent) compared to H1 of 2016, leading to a return on equity of 22.1 percent ...

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Garanti Group Romania ended H1 with profit of RON 96 M


Garanti Group Romania, composed of Garanti Bank, Garanti Leasing and Garanti Consumer Finance, has recorded a RON 96 million consolidated net profit, in the first semester of the year, as a press release informs. The Group’s total asset volume reached ...

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BNR’s reserves have dropped by over 1.60 pc in July

BNR's reserves

National Bank of Romania (BNR)’s foreign exchange reserves stood at 34,636 million on end-July, down by 1.62 percent to EUR 35,208 million month-on-month, a press release informs on Tuesday. During last month, EUR 796 million inflows have taken place, representing ...

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Romanian banks’ NPL ratio fell to 9.04 pc in May


The share of non-performing loans (NPLs) in Romania’s banking system has fallen by 0.22 percent, to 9.04 percent in May month-on-month, National Bank of Romania (BNR) data reveal. In year-on-year comparison, this decreased by 3.36 percentage points. The number of ...

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