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NPLs ratio dropped to 6.4 pc last year, central bank shows

BNR plans to cut NPLs rate to 6 pc

The rate of non-performing loans (NPLs) fell by 0.91 percentage points in December 2017 compared to the previous month to 6.4 percent, according to the latest data from the National Bank of Romania (BNR). Compared to the similar month of ...

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3-month ROBOR Index down to 2.06pc

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 2.06% on Friday, according to the figures released by the National Bank of Romania (BNR). On December 27, ...

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3-month ROBOR Index down to 2.08pc

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 2.08% on Monday, down from 2.09% on Friday, according to the figures released by the National Bank of ...

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OTP Bank Romania’s net profit increased by over 80 pc last year

Hungarian OTP Bank returned to profit on the domestic market in 2014. Lending stagnated

OTP Bank’s net profit in Romania increased by 83 percent in 2017 compared to the previous year, to HUF 3.04 billion (EUR 9.8 million), due to lowering provisions and improving operating results. The bank returned to profit in the third ...

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ING Bank’s profit increased to almost RON 500 M in 2017

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

ING Bank recorded total revenues of RON 1.43 billion in 2017, up 9 percent year-on-year, and net profit of RON 493 million, amid the increasing of the active clients portfolio, which reached 1.14 million people, of which 830,000 active customers ...

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Dan Sandu, the new CEO of Intesa Sanpaolo Bank

Dan Sandu, the new CEO of Intesa Sanpaolo Bank

Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo, announces that the Board of Directors decided to appoint Dan Sandu (photo) as CEO, as a press release informs. The appointment is subject to approval by the National Bank of Romania (BNR). ...

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BCR’s net profit, down by 35 pc in 2017 yoy

BCR’s net profit, up by almost 30 pc in Q3

Banca Comerciala Romana (BCR) ended last year with a net profit of RON 668.1 million (EUR 146.2 million), down by 35.7 percent compared to 2016, when the bank’s net profit stood at RON 1.045 billion, the financial results reveal. At ...

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EBRD grants EUR 60 M to Transgaz supporting BRHA project

Romania, Bulgaria, Austria and Hungary sign memorandum in Bucharest, to complete the BRHA project

  The European Bank for Reconstruction and Development (EBRD) is providing a RON 278 million (EUR 60 million) loan for the construction of a new gas pipeline between Romania, Bulgaria, Hungary and Austria, as a way to boost the development ...

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6-month ROBOR Index up to 2.42pc, highest level since October 2014

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 remained steady at 2.09% on Friday, for the third day in a row, according to the figures released by the National Bank of ...

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