BANKS

The continued deterioration of fiscal performance and weak debt trajectory drive the downgrade. Sustained policy uncertainty underscores the Negative Outlook. The country’s high growth potential and moderate levels of debt support the BBB- rating. Scope Ratings GmbH has today downgraded ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has climbed on Monday to 3.30%, up from 3.28% in the previous session, according to the figures released by the National Bank of Romania ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has climbed on Friday to 3.28%, up from 3.17% in the previous session, according to the figures released by the National Bank of Romania ...

The maximum level of indebtedness will be 40% of the net income for loans in national currency and 20% for loans in foreign currencies as of January 1, 2019, while for loans for the purchase of the first house the ...

Banca Transilvania shareholders have approved on Tuesday the merger with Bancpost, setting the date for December 31, 2018. Following the transaction, the new bank will be the largest in Romania. „Seeing the results so far and considering Banca Transilvania-Bancpost synergies ...

ProCredit Bank Romania has granted green loans for the SME sector worth more than EUR 20 million since the beginning of this year. The total green loans portfolio of the German bank in Romania is currently of approximately 50 million ...

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Tuesday to 3.17%, down from 3.18% in the previous session, according to the figures released by the National Bank of Romania ...

In January – August 2018, the balance-of-payments current account posted a deficit of EUR 5,830 million, compared with EUR 4,231 million in January – August 2017; the deficit on trade in goods widened by EUR 1,472 million, the surplus on ...

The Black Sea Trade and Development Bank (BSTDDB) and Garanti Bank Romania will provide USD 25 million loan to Alum, Tulcea – the sole alumina producer in Romania and one of the largest in Central and Eastern Europe, which is ...

Banca Comerciala Romana (BCR) has announced that it will stop the computer system that manages card operations on the night of Friday to Saturday (October 12-13, 2018) for works. “On October 13, 2018, 00:00h to October 13, 2018 at 04:00h, ...