ING Bank becomes broker on the Romanian capital market

ING Bank

ING Bank becomes a participant to the trading system of the Bucharest Stock Exchange (BVB) following a decision adopted by the Board of Governors. ”Following the decision of the Board of Governors of the Bucharest Stock Exchange (BVB) from December ...

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Competition Council investigates 25 banks, Non-Banking Financial Institutions and leasing companies suspected of anti-competitive practices

bogdan chiritoiu

The Competition Council has conducted unannounced inspections at the offices of 25 banks, Non-Banking Financial Institutions (IFN), leasing companies, professional associations and employers’ associations in the field of financial services, being one of the most extensive actions of the institution. ...

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EBRD buys 4.4 pc stake in Globalworth. Real estate developer aims to grow portfolio in Romania


The European Bank for Reconstruction and Development (EBRD) has acquired a 4.4 percent stake in the Central and Eastern European property investor and developer Globalworth Real Estate Investments Limited as part of a public offering to support growth in the ...

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Fitch rates Brasov’s stable outlook at BBB-


Fitch Ratings has affirmed on Friday the Romanian city of Brasov’s long-term foreign and local currency issuer default ratings (IDRs) at BBB-, with stable outlook, and short-term foreign currency IDR at F3, a press release informs. The affirmation reflects Fitch’s unchanged ...

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A world crisis with impact on Romania is not excluded, BNR Governor says

isarescu manpower

In the context of the latest cyber-attacks waves, a world crisis with impact on Romania is not excluded, National Bank Governor Mugur Isarescu said on Friday during a conference on cyber security. “We should be aware that, in the context ...

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EBRD, BCR grant USD 38.7 M to Green Oil & Lubes to build a waste-oil recycling plant in Calarasi County

Green Oil & Lubes

European Bank for Reconstruction and Development (EBRD) and BCR are providing the Romanian company Green Oil & Lubes SRL with a USD 38.7 million syndicated loan, on a club loan basis, for the development, construction and operation of a recycling ...

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The Banker: UniCredit, the ‘Bank of the Year’ in Romania


UniCredit received from The Banker the ‘Bank of the Year’ award in Romania, Bosnia Herzegovina and Germany, a press release informs. “These prestigious awards reconfirm the Group’s achievements and the effort of the people throughout the organization. It would not ...

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Michael Beitz becomes the new CRO of BCR

Michael Beitz

Michel Beitz, Chief Risk Officer and Chief Workout Officer at BCR between 2010 – 2014, returns to BCR to assume Chief Risk Officer (CRO) responsibilities, starting with January 1st 2018, as a press release informs. This comes after the Erste ...

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