FP, NN Pensions Fund propose additional resolutions ahead of BRD’s shareholders meeting


Fondul Proprietatea (FP), holding a stake of 3.63 percent in BRD Groupe Societe Generale, and NN Pensions Fund (another shareholder of BRD) have put forward a request to include several resolutions for consideration and approval at the General Shareholders Meeting, ...

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BNR keeps key interest rate unchanged at 1.75 pc


Board of the National Bank of Romania (BNR) decided in its Wednesday meeting to keep unchanged the monetary policy rate at 1.75 percent per annum, a press release informs. The decision is in line with analysts’ expectations. However, Dan Bucsa, ...

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BNR’s forex reserves, up by EUR 200 M at end- March

forex reserves

On this end-March, the National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 34,695 million, compared to EUR 34,495 million month-on-month, a press release informs, During the last month, EUR 853 million inflows have taken place, representing changes ...

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Garanti Bank granted RON 1 M bonuses last year to Bonus Card holders

bonus card

Garanti Bank, the subsidiary of Turkish Garanti Group in Romania, has granted its clients a total of approximately RON 1 million in bonuses in 2016, for performing transactions with their Bonus Cards. According to a press release, out of the ...

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Household and corporate debts to banks, over RON 13.6 bn in February


The overdue loans to companies and households amounted to over RON 13.6 billion at end-February, their value decreasing by 35.7 percent in year-on-year comparison, National Bank of Romania (BNR) data reveal. Of this amount, more than RON 6 billion representing ...

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Moody’s upgrades deposit ratings of RBI subsidiary in Romania to Baa3


Moody’s Investors Service has upgraded on Thursday Romania’s Raiffeisen Bank long-term and short-term local and foreign-currency deposit ratings to Baa3/Prime-3 from Ba1/Not Prime, as a press release informs. The rating agency also changed the outlook on Raiffeisen Bank International (RBI) ...

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Gov’t credit increased three times faster than the one in private sector in the last 12 months

Gov't credit

During February 2016 – February 2017, non-government credit increased by 2.1 percent, while government credit advanced 7.4 percent (7.2 percent in real terms) versus the same year-ago period, National Bank of Romania (BNR) data reveal, a press release informs “At ...

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Hungarian OTP Group plans to bid for Bancpost


Hungary’s OTP Bank sees specific acquisition opportunities around Eastern Europe, including Romania and wants to bid for Bancpost, after Greece’s Eurobank announced since early this year that is looking for a strategic partner to buy a stake in its fully-owned ...

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EUR breaks RON 4.56 threshold. The weakest RON in four years and a half

Romanian currency

The European currency was Friday quoted by National Bank of Romania (BNR) at RON 4.5654, up by 0.3 percent compared to the exchange rate value announced on Thursday, and peaks last four and a half years. More specifically, the Romanian ...

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