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Eurobank seeks ‘strategic partner’ to sell Bancpost

eurobank

HSBC and Mediobanca have been hired to help Greek bank Eurobank to find a “strategic partner” for its Romanian subsidiary Bancpost, a source said for reuters.com, emea.gr quotes. “Our target is for the whole process to conclude in a year ...

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Romania’s FDI at end-November grew to 8-year record

FDI

Non-residents’ direct investment in Romania totalled EUR 3,928 million in the first eleven months of 2016, up by 22 percent compared to the same period of the previous year, when FDI reached EUR 3,218 million, National Bank of Romania (BNR) ...

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Policies of the new Gov’t put pressure on inflation, BCR warns

new-govt

The economists of BCR, the largest bank in Romania, expect the inflation bounce-back in 2017, pushed by fiscal and budgetary policies of the new Executive. PSD-ALDE government has established with cuts and exemptions from taxes and contributions for some and ...

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BNR keeps monetary policy rate at 1.75pc

bnr2

The National Bank of Romania (BNR) Board has decided on January 6 to keep unchanged the monetary policy rate at 1.75 percent per annum, to pursue adequate liquidity management in the banking system and to maintain the existing levels of ...

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Banks to be closed on December 25-26, January 1-2

banci program

Commercial banks will not work with the public during December 25-26, 2016 and January 1-2, 2017, with the exception of the outlets in malls. BRD-Groupe Societe Generale announces that on December 24, the banking units will work as usual for ...

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EUR 22 M from EIB to implement thermal rehabilitation of multi-family houses in Bucharest’s District 2

thermal-rehabilitation

The European Investment Bank (EIB) is lending EUR 22 million to finance the second phase of the programme of refurbishment of multi-family housing in the municipality of District 2 that started in 2012, a press release informs. In total 95 ...

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High interest rates, guarantees and bureaucracy, companies’ main obstacles in getting loans

main-obstacles

The main problems faced by the companies in Romania continue to be the high taxation, fiscal environment unpredictability and competition, as well as the access to finance, a survey on the access to finance of non-financial companies in Romania, carried ...

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Bancpost’s profit has halved at end-September

bancpost

Bancpost, local subsidiary of Greek Eurobank group, registered in the first nine months of 2016 a net profit of RON 31.4 million, less than half of what the financial institution posted in the same period last year, RON 66 million, a ...

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Credit Europe Bank takes EUR 40 M loan to finance Romanian businesses

credit-europe-bank

The European Bank for Reconstruction and Development (EBRD) is providing EUR 40 million financing, in three tranches, to Credit Europe Bank to continue supporting Romanian small businesses. “We are pleased to partner with Credit Europe Bank (Romania) in order to ...

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