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More than half of the banks in Romania, above EU’s red signal threshold, in terms of non-performance

banks in Romania

Although in recent years Romania has been the largest non-performing loans (NPL) seller and the system-wide rate fell below 10 percent, the European Banking Authority (EBA) puts the country in the high risk category because is still above the red ...

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ING Romania’s gross profit in Q1, up by RON 22 M

ING Romania

The local subsidiary of Dutch-based ING Bank ended Q1 with a profit before tax of RON 120 million, RON 22 million more over the same period of last year, due to strong income growth (+RON 52 million), a press release ...

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Over 4,300 Romanian SMEs to benefit from EUR 246 M of investments with EIF support

SME

The European Investment Fund (EIF), part of the European Investment Bank Group, has signed the first SME Initiative guarantee transactions in Romania, with Raiffeisen Bank, Banca Comerciala Romana (BCR) and ProCredit Bank, as a press release informs. With a contribution of EUR ...

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OTP Bank Romania’s profit in Q1, more than twice y-o-y

OTP Bank Romania

Hungary’s OTP Bank has registered an after tax profit of RON 19.1 million in Romania, more than twice as much as in Q1 of 2016 and its second best quarterly earnings on record, a press release informs, quoting the financial ...

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Romania’s external debt continues to grow – almost EUR 94 bn in Q1

Romania's external debt

In the first three months of 2017, Romania’s external debt increased by EUR 815 million to EUR 93.19 billion, on the back of the rise in non-publicly guaranteed debt (by EUR 596 million) and public debt (by EUR 224 million), ...

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38 pc of Romanians would go cash-free, ING study reveals

cashless

It seems that Romanians are ready to move to a “cashless society”, according to the ING International Survey Mobile Banking 2017. 38 percent of them have shown the willingness to give up cash completely among 15,000 people across 15 countries ...

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Romania joins Asian Infrastructure Investment Bank

Asian Infrastructure Investment Bank

Asian Infrastructure Investment Bank (AIIB) Board of Governors has adopted resolutions approving seven applications to join the bank, bringing its total approved membership to 77. It’s about Romania, Greece, Bahrain, Cyprus, Samoa, Bolivia and Chile, that entered the big AIIB family, as chinadaily.com informs. ...

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