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Volksbank Romania – Banca Transilvania merger, officially approved

BT VK

The shareholders of Banca Transilvania (BT) have approved the merger of Volksbank Romania (VBRO), during the General Meeting of Shareholders held in Cluj-Napoca, a press release informs. On this occasion, BT presented to its shareholders the status of the integration ...

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EBRD’s new strategy for Romania: access to finance via capital market and reducing regional disparities – priorities

ebrd

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Romania through 2018, focused on three directions. “We will work to boost Romania’s private sector growth by helping to expand access ...

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Possibility of returning to internal pro-cyclical policies and external uncertainties – the highest risks, BNR official says

Liviu Voinea

The Romanian economy is not threatened currently by severe systemic risks, but there are two high risks, one related to the possibility of returning to domestic pro-cyclical policies and the other is related to uncertainties about the economic growth worldwide, ...

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The Gov’t wants to guarantee half of the debt from loans in foreign currency. Analysts say the banks are actually receiving support

parlament-vot1

The government wants to guarantee half of the debt converted into RON of the people who have taken housing loans in foreign currency. The bill was presented on Tuesday in the Budget Committee of the Chamber of Deputies. The Ministry ...

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Bancpost and Credit Agricole forced by ANPC to return amounts to customers

bancpost

Bancpost and Credit Agricole Bank were forced by the National Authority for Consumer Protection (ANPC) to repay to customers hundreds of interest and fees unduly collected as a result of loan agreements signed in 2008, announced on Thursday the ANPC ...

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BNR maintains monetary policy rate at 1.75 pc, level of minimum reserves

reserves

The National Bank of Romania (BNR) has decided on Wednesday to keep unchanged the monetary policy rate at 1.75 percent per annum, a bank’s release informs. The monetary policy meeting also decided to maintain the existing levels of minimum reserve ...

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EximBank grants EUR 10 M to Romania’s second biggest furniture exporter

italsofa[1]

Italsofa Romania, member of Natuzzi Group, received a grant of EUR 10 million from EximBank for current business activities. “EximBank respects its full commitment of supporting the business environment and, by concluding this new agreement, continues to consolidate its position ...

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BCR to suspend operations of multiple channels Friday night and Sunday

BCR1[1]

BCR will stop Friday night, between 22:00h and 5:00h, and on Sunday, between 6:00h and 15:00h the operations on websites, internet services and mobile banking, multifunctional machines and the automatic one-stop counter, while recommending the clients to schedule their banking ...

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OTP Bank Romania lends maximum EUR 200,000 to purchase agricultural equipment

agr

The subsidiary of Hungarian OTP Bank in Romania just launched a new financing product for the agricultural sector. According to a press release, the loan for agricultural equipment purchase addresses legal entities and PFA/ II/ IF clients who run activities ...

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