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EIB and Garanti Bank join forces to support businesses run by women in Romania

The European Investment Bank (EIB) is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank.  This transaction is ...

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BNR keeps monetary policy rate unchanged at 2.5%

The National Bank of Romania’s Board has decided on Tuesday to keep the monetary policy rate at 2.50 percent per annum and to leave unchanged the deposit facility rate at 1.50 percent per annum and the lending facility rate at ...

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3-month ROBOR Index continues downward trend

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Tuesday to 2.92%, down from 2.94% in the previous session, according to the figures released by the National Bank of Romania ...

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3-month ROBOR Index falls to lowest level in 7 months

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Monday to 2.94%, down from 2.97% in the previous session, according to the figures released by the National Bank of Romania ...

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Fin Min Teodorovici invites BNR Governor Isarescu for talks, blames central bank for pressures to keep ROBOR at high levels

Finance Minister Eugen Teodorovici said he would invite National Bank Governor Mugur Isarescu for talks, along with the chairman of the Romanian Banking Association, to discuss the way to enforce the tax on banks’ assets. Teodorovici accuses BNR of ‘aggressive ...

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3-month ROBOR Index continues downward trend, lowest level since June 2018

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Friday to 2.97%, down from 2.99% in the previous session, according to the figures released by the National Bank of Romania ...

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Foreign exchange reserves up to EUR 33bn in December

On December 31, 2018, the National Bank of Romania’s foreign exchange reserves stood at EUR 33,065 million, compared to EUR 32,531 million on November 30, 2018. During the month, the following flows were recorded: EUR 1,640 million worth of inflows ...

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BNR: Deposits of non-government resident customers – up by 2.2% in November

Deposits of non-government resident customers went up 2.2 percent month on month to RON 324,465.8 million in November 2018. At end-November 2018, deposits of non-government resident customers grew by 10.9 percent (7.2 percent in real terms) over the same year-ago ...

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