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Fitch affirms Romanian banks on revised bank tax ordinance

Fitch Ratings has on Wednesday affirmed the Long-Term IDRs of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at ‘BBB+’ and revised their Outlooks to Stable from Negative. Fitch has also affirmed the Viability Ratings (VRs) of ...

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3-month ROBOR Index jumps to 3.34%, highest level in the past five months

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Wednesday to 3.34%, up from 3.23% in the previous session, according to the figures released by the National Bank of Romania ...

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National Bank keeps monetary policy rate at 2.50% per annum

In its meeting of April 2, 2019, the Board of the National Bank of Romania decided to keep the monetary policy rate at 2.50 percent per annum; to leave unchanged the deposit facility rate at 1.50 percent per annum and ...

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PM: Gov’t is amending GEO 114, Robor index to be replaced

PM Viorica Dancila has announced at the beginning of the Government sitting on Friday morning that, based on the principles agreed with the the National Bank of Romania and the Romanian Bank Association, the emergency ordinance GEO 114 will be ...

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ECB sources say no opinion has been issued on ‘amended’ GEO 114, despite Fin Min’s claims

The European Central Bank (ECB) did not send to the Finance Ministry any opinion regarding the draft ordinance ‘amending’ GEO 114/2018, sources close to the issue have told hotnews.ro on Thursday. Romanian officials requested, in the letter which included the ...

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Romania borrows EUR 3 bln from the foreign markets in one day

Romania has borrowed EUR 3 billion from the foreign markets in just one day. It is the largest sum borrowed all at once through Eurobonds with maturity of 7, 15 and 30 years. At the same time, it is the ...

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What do internet users think about Romanian banks?

Neticle media monitoring company checked what internet users say about the banking services on online platforms. Based on the online mentions of the top 5 Romanian banks, there are areas which need improvement. What service items banking clients complain about ...

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