Banca Transilvania becomes the second largest bank in Romania by assets; Over RON 1.2 bn profit in 2016

Banca Transilvania (BT)’s net profit amounts to RON 1,233 million last year, whereas that of the Group amounts to RON 1,282 million, according to the financial results report, a press release informs. At the same time, BT ended the 2016 ...

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Fitch upgraded Garanti Bank Romania’s outlook to stable

Fitch Ratings upgraded Garanti Bank Romania’s outlook to stable, and confirmed its ratings, a press release informs. As such, the bank’s Long Term IDR was confirmed to ‘BBB- (Investment grade)‘, its Short Term IDR, to ‘F3’, its Support Rating to ...

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Banca Transilvania, historic high on BVB

Banca Transilvania (TLV – stock ticker) reached new historic high on Bucharest Stock Echange (BVB) last week, after the Constitutional Court (CCR) decided on February 7 that the conversion of loans in Swiss francs at historical rates is unconstitutional, Puls ...

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Eurobank to reduce exposure in Romania: a stake in Bancpost to be sold, sources

Greece’s Eurobank is looking for a strategic partner to buy a stake in its fully-owned Romanian unit Bancpost as it tries to reduce its exposure to non-Greek assets, sources at the bank told Reuters on Friday, capital.ro informs. Eurobank, which ...

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Update: BNR keeps monetary policy rate unchanged at 1.75pc, warns inflation will enter positive territory

In its meeting of Tuesday, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum; to pursue adequate liquidity management in the banking system; and to maintain the ...

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Banca Transilvania, Proprietatea Fund, Transgaz to have the best yields in 2017

Last year, the companies listed at the Bucharest Stock Exchange (BVB) offered the highest dividend yield in the world, according to Berenberg Bank research, with a return of almost 8 percent for BVB’s main index BET. According to Tradeville, the ...

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