BRD Group’s profits up three times in Q1, lower risk costs


BRD-Groupe Societe Generale posted a consolidated net profit of RON 140 million in the first quarter, nearly three times the result against the same period last year, after net cost of risk for non-performing loans decreased by 54.5%, the bank ...

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Romania pays over EUR 35 M to IMF, EU and WB this month

world bank

Romania has to pay EUR 35.7 million in May to the International Monetary Fund (IMF), European Union (EU) and World Bank (WB), in the account of the stand-by loan taken out in 2009, according to data released by the Ministry ...

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Good start for Garanti Group Romania in 2015: revenues, up by almost 15 pc in Q1


During the first three months of this year, Garanti Group Romania, part of Turkiye Garanti Bankasi and one of the most active financial players on the local market, registered EUR 39.3 million consolidated net revenues, a 14.9 percent increase over ...

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Significant profit for Banca Transilvania in Q1, up by more than 40 pc yoy

Banca Transilvania

Banca Transilvania (BT) recorded positive results in the first quarter of 2015. Gross profit reached RON 177.19 million, 43.4 percent higher compared to the similar period of 2014, a press release informs. At the end of Q1 2015, the bank’s ...

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BNR Governor Isarescu: EUR adoption indicates a perpetual commitment


The National Bank of Romania Governor Mugur Isarescu has outlined on Wednesday a few goals that Romania has to achieve in order to join the eurozone. “Technically, the target date that we agreed on verbally, involves entering the exchange rate ...

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Broad money rose 6.5 pc yoy. Household forex deposits followed the same trend


At end-March 2015, broad money amounted to RON 255,389.7 million, declining 1.2 percent (down 1.6 percent in real terms) month on month. In year-on-year comparison, broad money rose 6.5 percent (5.7 percent in real terms), National Bank of Romania (BNR) ...

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Polish Idea Bank wants to get to Romania’s top 10 banks in 2-3 years


Idea Bank, the financial institution of Getin Holding, build on Romanian International Bank (RIB) basis, which the Polish group took over at the end of 2013, has big plans for the next period. The lender targets to enter the domestic ...

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