EBRD grants EUR 40 M for energy saving


A EUR 40 million loan by the European Bank for Reconstruction and Development (EBRD) to Banca Transilvania will be on-lent to sub-borrowers such as households, housing associations and service providers for energy-saving investments, as a press release informs. The financing ...

Read More »

WB appoints new Country Manager for Romania and Hungary


Tatiana Proskuryakova is the new World Bank (WB) Country Manager for Romania and Hungary, replacing Elisabetta Capannelli, who has been in this position since May 2013. Now she will be moving to Zagreb. As a press release informs, Proskuryakova, a ...

Read More »

EY: 50 pc of Romanians would change their bank for a better experience

banking experience

Globally, 32 percent of consumers believe that the financial products and services are similar to each other, no matter who their supplier is. In Romania, 40 percent of respondents confirm this, according to EY Global Consumer Banking Survey. Moreover, 50 ...

Read More »

WB puts Romania’s Tehnoplus Medical on the blacklist. What happened?

Tehnoplus Medical

The World Bank (WB) Group announced recently the debarment of Romanian firm Tehnoplus Medical for two years.  As a press release informs, the debarment is part of a Negotiated Resolution Agreement (NRA) between the international financial institution and the company, ...

Read More »

Fitch affirms Romania’s Garanti Bank and ProCredit Bank at ‘BBB-‘ with Stable Outlooks


Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRa) at ‘BBB-‘ with Stable Outlooks and Viability Ratings (VRs) at ‘b+’ for Romanian subsidiaries of Garanti Bank and ProCredit Bank, a press release informs. “Garanti Bank Romania (GBR)’s IDRs and ...

Read More »

BNR maintains monetary policy rate at 1.75pc. Minimum reserves on foreign exchange-denominated liabilities cut to 8pc

bnr reserves

In its meeting of May 5, 2017, the Board of the National Bank of Romania (BNR) decided the following: to keep unchanged the monetary policy rate at 1.75 percent per annum (unchanged since May 2015 – our note); to pursue ...

Read More »

Map of indebtedness and savings in Romania: Poorest county – Teleorman

indebtedness map

The statistics on indebtedness and savings capacity offer a view on the discrepancy between the developed and underdeveloped counties of Romania. Thus, the counties in which the population and the companies save more, have on average the highest loans related ...

Read More »

BCR Group – EUR 39.2m net profit in Q1, down by 40pc


BCR Group registered in the first quarter of 2017 a net profit of EUR 39.2 million, down by 40% against the same period last year (EUR 65.7 million), an Erste Bank report informs. According to the report, the net income ...

Read More »

BRD’s net profit in Q1 has increased fourfold


BRD posted a very strong increase in net profit to RON 330 million in first quarter of 2017 (4.5x vs. Q1 2016) on positive net cost of risk, backed by improved net interest income and strict monitoring of operating expenses, ...

Read More »

Romania’s foreign reserves, up by 3.6 pc in April

foreign reserves

National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 35,960 million in April, up by 3.6 percent, compared to EUR 34,695 million on March 31, 2017, a press release informs. During the month, EUR 1,921 million inflows occurred, ...

Read More »