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Tag Archives: BRD

Finance Ministry fails to get loans, commercial banks show low interest in state bonds. Consequence of GEO on ‘tax greed’?

The Finance Ministry has tried to get loans on Monday amounting to RON 400 million from commercial banks on the domestic market. The 7 primary dealers submitted several offers of about 30% of the demanded amount, but the ministry turned ...

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Second day of chaos on BVB, amplified by news that GEO on fiscal measures is on the Gov’t sitting agenda

The Bucharest Stock Exchange is again in chaos, on Thursday, after a slight recovery in the first ten minutes of transactions. At 13:00h, immediately after the announcement that the Government ordinance that introduces new fiscal measures targeting, in particular, the ...

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Top best employers in 2018: Vodafone Romania, OMV Petrom, Banca Transilvania and Auchan

Vodafone Romania, OMV Petrom, Banca Transilvania and Auchan are considered the best employers in 2018, according to a survey conducted by the BestJobs recruiting platform, after assessing 100,000 employees. The BestJobs top ranks the employers by the evaluations of their ...

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BRD recorded a net profit of RON 414 M pc in Q1

BRD ended the first three months of 2018 with net profit of RON 414 million, up by 25.6 percent year-on-year on healthy revenue generation, quasi stable operating expenses and positive cost of risk, a press release informs. “The first quarter ...

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BRD’s net profit in 2017, up by 85 pc yoy

BRD Group registered very robust profitability last year. Net profit amounted to RON 1,415 million in 2017, up 85.3 percent yoy, leading to return on equity of 20.1 percent compared to 11.8 percent in the previous year, a press release ...

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BRD exceeds RON 1 bn threshold in net profit, after 9 months

BRD Group recorded a very strong profitability in the first nine months of 2017, the net profit reaching RON 1,066 million, up by 75.8 percent yoy, leading to a return on equity of 20.5 percent compared to 12.5 percent in ...

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Authority for Consumer’s Protection fines 15 banks for deceiving advertising

The National Authority for Consumer’s Protection (ANPC) has fined 15 banks with total amounts of over RON 500,000 for unfair commercial practices regarding advertising activities, asking them to cease these practices, to rectify the contracts already concluded, to return the ...

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Fitch affirms 4 Romanian banks’ IDRs

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at ‘BBB+’, UniCredit Bank S.A. (UCBRO) at ‘BBB-‘ and Banca Transilvania S.A. (BT) at ‘BB’, a press release ...

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