Romanian banking system in 2016: EUR 87 M in assets and almost EUR 1 bn profit

Romanian banking system

The 37 banks active on the Romanian market ended 2016 with net assets of RON 393.9 billion (EUR 86.7 billion) and total cumulative profits of RON 4.33 billion (EUR 954 million), due to lower non-performing loans, National Bank of Romania ...

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Standards for consumer loans are tightening, banks forecast

consumer loans

The crediting conditions will worsen slightly for consumer loans to households in the first quarter of this year, after a similar trend late last year, according to a survey conducted by National Bank of Romania (BNR) on non-financial corporations and ...

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Total volume of tax payment transactions with Garanti’s Bonus Card increased by 16 pc in 2016

bonus card

Garanti Bank, the subsidiary of Turkish Garanti Group in Romania, registered a total volume increase of 16 percent for taxes and contributions payment transactions made with Bonus Card, to RON 2.52 million, in 2016, as compared to RON 2.15 million, ...

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Banca Transilvania becomes the second largest bank in Romania by assets; Over RON 1.2 bn profit in 2016


Banca Transilvania (BT)’s net profit amounts to RON 1,233 million last year, whereas that of the Group amounts to RON 1,282 million, according to the financial results report, a press release informs. At the same time, BT ended the 2016 ...

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Fitch upgraded Garanti Bank Romania’s outlook to stable

Garanti Bank

Fitch Ratings upgraded Garanti Bank Romania’s outlook to stable, and confirmed its ratings, a press release informs. As such, the bank’s Long Term IDR was confirmed to ‘BBB- (Investment grade)‘, its Short Term IDR, to ‘F3’, its Support Rating to ...

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Banca Transilvania, historic high on BVB

banca transilvania

Banca Transilvania (TLV – stock ticker) reached new historic high on Bucharest Stock Echange (BVB) last week, after the Constitutional Court (CCR) decided on February 7 that the conversion of loans in Swiss francs at historical rates is unconstitutional, Puls ...

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Eurobank to reduce exposure in Romania: a stake in Bancpost to be sold, sources


Greece’s Eurobank is looking for a strategic partner to buy a stake in its fully-owned Romanian unit Bancpost as it tries to reduce its exposure to non-Greek assets, sources at the bank told Reuters on Friday, capital.ro informs. Eurobank, which ...

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