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BANKS

BNR has identified the banks in Romania of systemic importance, i.e. those with the potential to generate financial instability

bnr

BNR has sorted the banks of systemic importance, i.e. those which have the potential to generate financial instability and market distortions, likely to create moral hazard by their size. These banks are the ones which could request government aid in ...

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Foreign banks have cut their exposure to Romania by USD 517 M in Q2

usd

The foreign banks’ funding to domestic market decreased by USD 517 million in the second quarter of this year, three times less than the decrease of USD 1.789 billion recorded in the previous quarter, according to the new report from ...

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EBRD made its partial exit reducing the stake in Banca Transilvania

Banca-Transilvania[1]

The European Bank for Reconstruction and Development (EBRD) has reduced its equity stake in Banca Transilvania, after selling 86.76 million shares on Friday in an accelerated bookbuild placement on the Bucharest Stock Exchange (BVB), a press release informs. Launched on ...

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ING reduced its estimate of inflation in Romania for 2015 and 2016

inflation-definition

ING reduced its inflation estimation for Romania for the next two years: by 0.2 percentage points to 0.7 percent – 2015 and 1.2 percent – 2016, respectively. As regards, bank’s forecast for 2017 was raised by 0.6 points, to 2, ...

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Erste: New Gov’t could take compensation measures for fiscal easing damages

bani_

The significant fiscal loosening adopted by the former government, led by Victor Ponta, will not be reversed, given the broadened policy consensus that has benefited, Austrian lender Erste Group said in an analysis released in Wednesday. But, according to the ...

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Three banks submit offers to finance Romanian Post

posta

Romanian Commercial Bank (BCR), Bancpost and OTP Bank Romania have submitted offers for financing the current activity of the Posta Romana/Romanian Post company with a loan of RON 20 million. Postal operator has estimated that will pay RON 1.1 million ...

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Almost 100 employees of BRD protest in front of bank’s head office in Bucharest

Protesters

About 100 members of the ‘Impact’ trade union of BRD Groupe Societe Generale employees are picketing the head office today, after the failure of negotiations on the collective labor agreement with bank management. “Six claims are still unresolved. If the ...

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