Philippos Karamanolis rejoins Bancpost team as the new CEO


Greek Eurobank Group appoints Philippos Karamanolis as the new Chief Executive Officer of its Romanian subsidiary bank Bancpost and Country CEO for the Eurobank Group in Romania, a press release informs on Monday. Karamanolis’ appointment will be effective from May ...

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Fitch: Outlook of UniCredit’s local subsidiary, revised to negative


Fitch Ratings has revised Romania-based UniCredit Bank (UCBRO)’s outlook to Negative from Stable, while affirming the Long-term Issuer Default Rating (IDR) at ‘BBB’, a press release informs on Friday. The outlook change follows a similar action taken on local bank’s ...

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BNR’s international reserves up to EUR 31.282bn


On March 31, 2016, the National Bank of Romania’s foreign exchange reserves stood at EUR 31,282 million, compared to EUR 30,825 million on February 29, 2016, a central bank release informs. During the month, the following flows have taken place, ...

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BNR plans narrowing the interest rate corridor. Governor Isarescu: ‘We want to cheapen the loans’

interest rate

National Bank of Romania (BNR) considers narrowing the corridor around the policy rate in the next period, to counter inflationary pressures estimated for 2017, central bank Governor Mugur Isarescu said on Thursday in a press conference. This statement comes after ...

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Bancpost turned on profit in 2015 – RON 35.2 M


Bancpost, part of Greek group Eurobank, ended 2015 with a net profit of RON 35.2 million, “a result which continues the positive trajectory registered since the first quarter of 2015 and which are due to the transformation process successfully implemented ...

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World Bank supports Romania to reduce nutrient pollution

Nutrient pollution

The World Bank’s Board of Executive Directors approved a EUR 48 million (USD 52.39 million equivalent) additional financing to Romania for the Integrated Nutrient Pollution Control Project, which will support the country’s efforts to reduce the discharge of nutrients (nitrogen ...

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The NPL ratio was of 13.57 pc in January

BNR NPL ratio

The non-performing loans (NPL) ratio, as defined by ABE, was of 13.57% in January, down by 0.04 percentage points from the level recorded at the end of 2015, according to the National Bank of Romania (BNR). As compared to December ...

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Proposed law on debt discharge threatens Romanian banks recovery, Fitch warns


The current draft of the law allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans could disrupt the Romanian banking sector’s improving performance, Fitch Ratings says on Wednesday. “We believe the ...

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