3-month ROBOR Index climbs to 2.21pc

robor index

The 3-month ROBOR Index, the average interest rate on which Romanian banks borrow from each other, has reached on Monday the level of 2.21%, up from 2.19%, the National Bank of Romania (BNR) informs. At the beginning of the year, ...

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Fitch expects a marginal improvement in terms of profitability in Romanian banking sector


The banking sector outlooks in central and eastern Europe (CEE) in 2018 are stable, “Fitch 2018 Outlook: CEE Banks” shows. Solid economic momentum and wage growth, low unemployment, acceleration in EU fund disbursements and a growth upswing among eurozone trading ...

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EBRD: Romania to continue to reduce corruption, bureaucracy; external vulnerabilities are increasing


Romania’s economy is growing strongly. However, the budget deficit and trade balance continue to deteriorate and structural reforms are adversely affected by the unstable political environment, European Bank for Reconstruction and Development (EBRD) points out in its Transition Report 2017-2018. ...

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Banca Transilvania has reached an agreement with Eurobank regarding Bancpost


Banca Transilvania (BT) has reached an agreement with the Eurobank to acquire the shares held by the Greek bank in Bancpost, ERB Retail Services IFN S.A. and ERB Leasing IFN S.A., as a press release informs. “The acquisition of Bancpost ...

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