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3-month ROBOR Index continues upward trend to 2.05pc

ROBOR rapid growth: The three-month index reaches 1.58pc. Interest rates up by nearly 50pc since Monday

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has reached the level of 2.05% on Thursday, up from 2.03% on Wednesday, according to the figures released by the National Bank of Romania ...

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Banca Transilvania partners with Personetics to deliver AI-powered banking

Banca Transilvania partners with Personetics to deliver AI-powered banking

Banca Transilvania, the second largest bank in Romania, is partnering with Personetics, the leading provider of Cognitive Banking applications, to make AI-powered financial guidance an integrated part of the bank’s digital customer experience, a press release informs. “Working with Personetics ...

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Current account posted a surplus of EUR 216 M in January; declining FDI yoy

Update: BNR revises upwards the inflation forecast at 1.9pc. BNR’s Isarescu: Reintroducing the over-excise duty will push inflation up

At the beginning of 2018, the balance-of-payments current account posted a surplus of EUR 216 million, compared with EUR 258 million in January 2017, according to National Bank of Romania (BNR) data, a press release informs. The deficit on trade ...

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Banca Transilvania to complete Bancpost takeover of H1 of April

Eurobank subsidiary in Romania posted a net profit of RON 34.6 M in H1

Banca Transilvania will start the specific procedures for finalizing the transaction with Eurobank Group regarding the acquisition of Bancpost shares, according to an announcement published on the Bucharest Stock Exchange (BVB) website. ”Banca Transilvania has received the necessary approvals from ...

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Crisis is looming, bankers say. Which are the risks ahead?

Almost 70 pc of Romanian entrepreneurs faced at least one image crisis in 2017, survey reads

A fresh crisis is possible, but the risk for Romania is not to see it as an opportunity. This is what Steven van Groningen, President and CEO Raiffeisen Bank said on Thursday. “I believe a fresh crisis will come and ...

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EximBank structures one of the most complex support facilities for Romanian exports

Government to replace the leadership of Eximbank and other three institutions

EximBank has structured one of the largest and most complex support facilities for Romanian exports by insuring and arranging a syndicate financing that along with the facilities offered by European Bank for Reconstruction and Development (EBRD) and Black Sea Trade ...

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3-month ROBOR Index down to 2.03pc

3-month ROBOR Index down below 2pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased to the level of 2.03% on Wednesday, according to the figures released by the National Bank of Romania (BNR). The level has ...

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