Hungarian OTP Group plans to bid for Bancpost


Hungary’s OTP Bank sees specific acquisition opportunities around Eastern Europe, including Romania and wants to bid for Bancpost, after Greece’s Eurobank announced since early this year that is looking for a strategic partner to buy a stake in its fully-owned ...

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EUR breaks RON 4.56 threshold. The weakest RON in four years and a half

Romanian currency

The European currency was Friday quoted by National Bank of Romania (BNR) at RON 4.5654, up by 0.3 percent compared to the exchange rate value announced on Thursday, and peaks last four and a half years. More specifically, the Romanian ...

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Credit Europe Bank, gross profit of EUR 8m last year


Credit Europe Bank Romania, one of the minor banks on the market (has a market share of about 1.2% by assets) but very active on the card market (it controls more than 15% of the cards market) has announced on ...

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Foreigners’ investments in Romania fell by 6 pc in January

foreign investments

Non-residents’ direct investment in Romania totalled EUR 260 million in the first month of the year, down by 6 percent year-on-year, of which equity (including estimated net reinvestment of earnings) amounted to EUR 207 million and intercompany lending recorded a ...

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BNR plans to cut NPLs rate to 6 pc


National Bank of Romania (BNR) has set a target of 6 percent for bad loans this year, given that, currently, the percentage is between 9-10 percent, Liviu Voinea, central bank Deputy Governor stated, during a press conference dedicated to the ...

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Raiffeisen recorded a profit of EUR 104 M in Romania last year


Austrian lender Raiffeisen Bank International (RBI) announced on Wednesday that registered a profit after tax of EUR 104 million in Romania in 2016, up by 4.5 percent compared to EUR 100 million recorded in 2015, a press release informs, quoting ...

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Secondary cities to be turned into Romania’s growth engines

Cluj-Napoca city, view from above   /   photo source: seedfortech.ro

An analysis prepared by the World Bank (WB) for the Ministry of Regional Development and Public Administration (MRDPA) indicates that Romania’s capital, Bucharest, and seven secondary cities – Brasov, Cluj-Napoca, Constanta, Craiova, Iasi, Ploiesti and Timisoara – are currently generating ...

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Patria Bank – Banca Comerciala Carpatica merger in limbo

Patria Bank

The merger between Patria Bank and Banca Comerciala Carpatica (BCC), which received National Bank of Romania (BNR)’s preliminary approval, is currently in limbo after the Appeal Court of Bucharest rejected it, an announcement submitted to the Bucharest Stock Exchange (BVB) ...

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Euro hits this year’s high against Romanian currency – RON 4.55/EUR


The European currency was Wednesday quoted by National Bank of Romania (BNR) at RON 4.55, the highest level since the beginning of this year. Thus, RON reached the lowest level in almost four years against EUR. On Tuesday, the euro ...

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ING Romania’s gross profit, up by 44 pc in 2016, to RON 565 M

ing romania

Local subsidiary of Dutch ING Group recorded a significant increase of gross profit in 2016 at 565 million, up by 44 percent year-on-year, mainly due to the general increase in lending activity and revenue from the Visa Europe shares sale, ...

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