BNR foreign exchange reserves up to EUR 33.932 bn

bnr's profit

On October 31, 2017, the National Bank of Romania’s foreign exchange reserves stood at EUR 33,932 million, compared to EUR 33,320 million on September 30, 2017, a bank release informs. During the month, the following flows were recorded: EUR 1,961 ...

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Romanians saved by 15 pc more in 2017 than last year, Erste study shows


The amount of money that people are putting aside on a monthly basis either into savings or investments has risen in all of the six CEE markets covered in Erste Group’s Money Matters study (the Czech Republic, Slovakia, Hungary, Romania, ...

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EIB to lend EUR 50m to Transgaz to fund BRHA works. 5,000 new jobs during the construction phase


The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corridor to increase security of gas supply and to reduce energy dependence ...

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Elke Meier, the new CFO of BCR as of 2018


Elke Meier takes over the Chief Financial Officer position in the Management Board of Banca Comerciala Romana (BCR) starting January 1st, 2018, a press release informs. Adriana Jankovicova, current Board Member in charge with the Financial line, has decided to pursue ...

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Romanians continued to save in foreign currency in September, according to BNR

foreign currency

Deposits of non-government resident customers went up 0.5 percent month on month to RON 286,385.5 million in September 2017, National Bank of Romania (BNR) data reveals. The advance was mainly due to the increase in forex-denominated deposits of resident households ...

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Authority for Consumer’s Protection fines 15 banks for deceiving advertising


The National Authority for Consumer’s Protection (ANPC) has fined 15 banks with total amounts of over RON 500,000 for unfair commercial practices regarding advertising activities, asking them to cease these practices, to rectify the contracts already concluded, to return the ...

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6-month ROBOR index continues upward trend, exceeds the 2pc threshold

robor index

The 3-month ROBOR index, the average interest rate on which Romanian banks borrow from each other, has remained steady on Thursday on the interbank market at 1.84%, the National Bank of Romania (BNR) informs. The 6-month ROBOR index has grown ...

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EIB Group granted EUR 13 bn in 25 years of operations in Romania. Transport sector, the largest loans recipient


The European Investment Bank (EIB) has approved more than EUR 13 billion worth of financing and advisory services for Romania since it started its operations in the country 25 years ago, as a press release informs. EIB Vice-President Andrew McDowell and ...

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UniCredit Leasing gets almost USD 40 M from IFC to support SMEs in Romania

UniCredit Leasing

IFC, a member of the World Bank Group, has provided a RON 150 million (approximately USD 38.5 million equivalent) loan to UniCredit Leasing Corporation to help finance small and medium enterprises (SMEs), so they can grow their businesses and generate ...

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ING Bank relocates to Blue Rose Office Park developed by Portland Trust

ING BANK  blue rose office

ING Bank, represented by the CBRE consultants, will consolidate its headquarters and business operations in a 20,000-sqm office building in Blue Rose Office Park, Portland Trust’s latest project in northern Bucharest, on Expozitiei Blvd. ING will occupy the whole of ...

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