Banca Transilvania, historic high on BVB

banca transilvania

Banca Transilvania (TLV – stock ticker) reached new historic high on Bucharest Stock Echange (BVB) last week, after the Constitutional Court (CCR) decided on February 7 that the conversion of loans in Swiss francs at historical rates is unconstitutional, Puls ...

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Eurobank to reduce exposure in Romania: a stake in Bancpost to be sold, sources


Greece’s Eurobank is looking for a strategic partner to buy a stake in its fully-owned Romanian unit Bancpost as it tries to reduce its exposure to non-Greek assets, sources at the bank told Reuters on Friday, capital.ro informs. Eurobank, which ...

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Update: BNR keeps monetary policy rate unchanged at 1.75pc, warns inflation will enter positive territory

bnr reserves

In its meeting of Tuesday, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum; to pursue adequate liquidity management in the banking system; and to maintain the ...

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Banca Transilvania, Proprietatea Fund, Transgaz to have the best yields in 2017


Last year, the companies listed at the Bucharest Stock Exchange (BVB) offered the highest dividend yield in the world, according to Berenberg Bank research, with a return of almost 8 percent for BVB’s main index BET. According to Tradeville, the ...

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WB Oks EUR 60 M financing to improve justice services in Romania

justice services

The World Bank (WB)’s Board of Executive Directors approved a EUR 60 million (USD 66.99 million equivalent) financing to Romania for the Justice Services Improvement Project, a press release informs. The Romanian Government will contribute EUR 5 million towards a ...

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BNR international reserves slightly up in January


On January 31st, 2017, the National Bank of Romania’s foreign exchange reserves stood at EUR 34,518 million, compared to EUR 34,242 million on December 31st, 2016, a release posted by the central bank informs. During the month, the following flows ...

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Over 6,000 debt discharge notifications recorded by BNR at end-2016

debt discharge notifications

The submission of debt discharge notifications continued, reaching 6,400 at the end of 2016 and the volume of notified loans standing at RON 1.8 – 1.9 billion, Deputy Director of the Financial Stability Directorate within the National Bank of Romania ...

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Banca Comerciala Carpatica – Patria Bank merger, indefinitely postponed. What happened?


Although the National Bank of Romania (BNR) has issued a preliminary approval on Banca Comerciala Carpatica absorption by Patria Bank on November 2016, Bucharest Court rejected the merger between the two financial institutions on January 17, a press release informs. ...

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