Javier Montes Pita, the new Head of Retail ING Romania

Javier Montes Pita

ING appoints Javier Montes Pita, currently Executive VP Retail Customers ING Spain, the new Head of Retail for Romanian market, a press release informs. He is replacing Daniel Manibardo Llano, who, following good results, was promoted as Head of Retail ...

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Intesa Sanpaolo Bank Romania, triple net profit in 2017

intesa sanpaolo romania

Intesa Sanpaolo Bank, the Romanian subsidiary of Italy’s Intesa Sanpaolo, has recorded an operating income of RON 154 million and a net profit of RON 43 million in 2017, three times higher than in 2016, a press release informs. “Our ...

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Garanti Bank finances One Herastrau Park, the first green home certificated residential project of Bucharest

One Herastrau Park

Garanti Bank, the local subsidiary of Turkish Garanti Group, prolongs its partnership with One United Properties, important real estate developer in Bucharest, as a press release informs. One Herastrau Park is the first residential complex in Bucharest with “Green Homes” ...

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EximBank Romania, Intesa Sanpaolo Romania to grant USD 75 M loan to Greece’s Energean


Energean, Greece’s sole oil producer, has signed a reserves-based senior facility, amounting to USD180 million, with the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), EximBank Romania and Intesa Sanpaolo Romania, HSBC acting ...

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2017, the best performing year for Garanti Group in Romania


Garanti Group Romania, held by Turkiye Garanti Bankasi AS (TGB), the second largest private bank in Turkey, has recorded a consolidated net profit of RON 143.4 million in 2017, representing the best performing year locally, a press release informs.  “2017 ...

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Insignificant increase of Romania’s foreign exchange reserves last January

foreign exchange reserves

National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 33,498 million in the first month of 2018, compared to EUR 33,494 million on 31 December 2017, as a press release informs. EUR 1,272 million worth of inflows representing ...

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UniCredit: Inflation could rise to about 5 pc in the summer


Total inflation will come out of the target range of 1.5-3.5 percent in Q1 2018 and could increase up to around 5 percent during the summer, according to UniCredit quarterly report. The document reads that the National Bank of Romania ...

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EBRD invests EUR 550 M in Romania in 2017, close to the 7-year high. New investments are on the pipe

The EBRD's 2011 Annual Meeting in Astana, Kazakhstan, 20-21 May 2011

  The European Bank for Reconstruction and Development (EBRD) invested over half a billion euros in the Romanian economy in 2017, a press release informs. The international financial institution supported 29 projects with EUR 546 million of debt and equity ...

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