Home / BUSINESS / FINANCIAL / BANKS (page 30)

BANKS

Bancpost take-over, along with ERB Retail Services IFN and ERB Leasing IFN, by BT, under CC sight

The Competition Council (CC) analyses the transaction by which Banca Transilvania S.A. (BT) takes over Bancpost S.A., ERB Retail Services IFN S.A. and ERB Leasing IFN S.A., a press release informs. In November 2017, BT has reached an agreement with ...

Read More »

EximBank Romania, Intesa Sanpaolo Romania to grant USD 75 M loan to Greece’s Energean

Energean, Greece’s sole oil producer, has signed a reserves-based senior facility, amounting to USD180 million, with the European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank (BSTDB), EximBank Romania and Intesa Sanpaolo Romania, HSBC acting ...

Read More »

2017, the best performing year for Garanti Group in Romania

Garanti Group Romania, held by Turkiye Garanti Bankasi AS (TGB), the second largest private bank in Turkey, has recorded a consolidated net profit of RON 143.4 million in 2017, representing the best performing year locally, a press release informs.  “2017 ...

Read More »

Insignificant increase of Romania’s foreign exchange reserves last January

National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 33,498 million in the first month of 2018, compared to EUR 33,494 million on 31 December 2017, as a press release informs. EUR 1,272 million worth of inflows representing ...

Read More »

ING Romania bets on digital and redesigns the operational model in the branch network

ING Romania plans to redesign the operational activities in 33 branches and integrate the banking services on the company’s digital platforms. According to a press release throughout 2018, ING will make the transition to a digital self-service model and will ...

Read More »

UniCredit: Inflation could rise to about 5 pc in the summer

Total inflation will come out of the target range of 1.5-3.5 percent in Q1 2018 and could increase up to around 5 percent during the summer, according to UniCredit quarterly report. The document reads that the National Bank of Romania ...

Read More »

EBRD invests EUR 550 M in Romania in 2017, close to the 7-year high. New investments are on the pipe

  The European Bank for Reconstruction and Development (EBRD) invested over half a billion euros in the Romanian economy in 2017, a press release informs. The international financial institution supported 29 projects with EUR 546 million of debt and equity ...

Read More »

Iuliu Muresan, the new Deputy General Manager of Garanti Bank

Garanti Bank appoints Iuliu Muresan as Deputy General Manager, responsible with coordinating Risk Area activities: Risk Management, Internal Control, Compliance and Corporate Governance, as a press release informs. He will exercise his new responsibilities providing his role only after completing ...

Read More »

Enache Jiru, appointed adviser to BNR Governor Mugur Isarescu

The former State Secretary with the Ministry of Finance, Enache Jiru, has been appointed, a month ago, as adviser to the Governor of the National Bank of Romania, Mugur Isarescu, the spokesman for the institution, Dan Suciu, has announced. Enache ...

Read More »

Garanti Bank grants RON 14 M to Softronic to finance Hyperion 3

Garanti Bank, the local subsidiary of Turkish Garanti Group, granted a RON 14 million loan to Romania-based Softronic, the only manufacturer of Electric Multiple Unit trains and electric locomotives in Southeastern Europe, for the production of Hyperion 3, the most ...

Read More »