Raiffeisen Bank’s net profit in H1, slightly higher by 2 pc to EUR 55 M


Raiffeisen Bank ended the first six months of this year with a net profit in a slight increase of 2 percent over the same period last year. According to a press release, in comparable terms, excluding non-recurring events, Raiffeisen Bank’s ...

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UniCredit Bank posts a profit of over RON 225 M in Romania for H1

unicredit bank

UniCredit Bank Romania reported a consolidated net profit of RON 225.2 million after the first six months of this year 0.3 percent slightly lower year-on-year, according to the financial report sent to the Bucharest Stock Exchange on Wednesday. UniCredit Bank ...

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BNR official: ‘First House’, a “modest” loan program for Romanians

first house

The “First House” program had a limited use and only by low-income borrowers, similar to the situation in the case of standard mortgage loans. Thus, the program had a modest role from a social point of view, Valentin Lazea, National ...

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BNR’s Isarescu: The rise in energy prices to be seen in July inflation


The latest inflation forecasts, to be formally released this Tuesday, have been revised upwards – largely driven by higher energy prices, as National Bank of Romania (BNR) Governor Mugur Isarescu announced. BNR sees the inflation increasing from 1.6 percent at ...

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UPDATE BNR keeps monetary policy on hold

monetary policy

The Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum and to pursue adequate liquidity management in the banking system, a press release informs on Friday. At the ...

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BCR posts lower net profit by almost 52pc in H1


The Romanian Commercial Bank (BCR) recorded a net profit of RON 305 million (EUR 67.4 million) in the first six months of this year, by 51.9% less against the same period last year, a press release informs. “Against the same ...

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BRD doubles its profit in H1 to RON 750 M


BRD Group recorded a significant increase in profitability in the first half of the year, the net result reaching RON 750 million, almost doubled (+96.8 percent) compared to H1 of 2016, leading to a return on equity of 22.1 percent ...

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