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FDI – up to EUR 1.3 bn; current account deficit posts an increase of 56 pc in Q1

FDI

Foreign direct investment (FDI) in Romania totalled EUR 1,305 million (compared with EUR 1,054 million in January – April 2016), of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,507 million and intercompany lending recorded a net negative ...

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Erste revised the forecast for Romania’s economic growth in 2017, to 5.1 pc

erste

Austrian Erste Group sees a growth of 5.1 percent in Romania this year, very close to Government estimates, and 3.9 percent in 2018, compared to 4.3 percent and respectively 2.8 percent previously. The revaluation comes after the good statistical results ...

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Greece’s Piraeus Bank to sell its units in Romania, media

Piraeus Bank

Piraeus Bank, Greece’s largest bank by assets, plans to sell its wholly-owned subsidiaries in Romania, Albania, Bulgaria, Ukraine and Serbia as part of its “Agenda 2020” strategy to reduce the foreign exposures, according to Greek online newspaper ekathimerini.com. “Our vision ...

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IFC grants Alpha Bank EUR 50 M to increase domestic mortgage lending

alpha-bank

IFC (International Financial Corporation), part of World Bank Group, is providing a EUR 50 million loan to Alpha Bank local subsidiary to support mortgage lending and help expand access to finance for prospective home owners in Romania, a press release ...

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38 pc of Romanians would let a robo-adviser to take financial decisions for them, ING survey shows

robo-advisor

The vast majority of bank customers in Europe would not let a computer program make and act upon financial decisions on their behalf, according to the fifth annual International Survey Mobile Banking conducted by Dutch bank ING. However, 40 percent ...

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More than half of the banks in Romania, above EU’s red signal threshold, in terms of non-performance

banks in Romania

Although in recent years Romania has been the largest non-performing loans (NPL) seller and the system-wide rate fell below 10 percent, the European Banking Authority (EBA) puts the country in the high risk category because is still above the red ...

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ING Romania’s gross profit in Q1, up by RON 22 M

ING Romania

The local subsidiary of Dutch-based ING Bank ended Q1 with a profit before tax of RON 120 million, RON 22 million more over the same period of last year, due to strong income growth (+RON 52 million), a press release ...

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