Home / Tag Archives: local currency

Tag Archives: local currency

Fin Min Teodorovici sends letter to S&P, vows replacement of the tax on financial assets by an annual fixed tax

Finance Minister Eugen Teodorovici says the ‘ordinance on greed’ will be amended, in a letter sent to Standard & Poor’s rating agency at the end of last week, mentioning changes related to ROBOR Index. The minister did not publicly mention ...

Read More »

KeysFin Business Barometer: 2018, a year of uncertainty

The economy continues to grow, but the imbalances are sharpening. Romanian managers are moderately optimistic as concerns grow on the real economic evolution this year. The inflation, the depreciation of the local currency and the uncertainties related to the fiscal ...

Read More »

First EIB loan to a corporate in Romania’s local currency

The European Investment Bank (EIB) is providing the first loan to a corporate in Romania that can be disbursed in local currency; the equivalent of EUR 50m will be granted to Transgaz, Romania’s gas transmission company. As with the first EUR 50m ...

Read More »

Romanian banks’ NPL ratio fell to 9.04 pc in May

The share of non-performing loans (NPLs) in Romania’s banking system has fallen by 0.22 percent, to 9.04 percent in May month-on-month, National Bank of Romania (BNR) data reveal. In year-on-year comparison, this decreased by 3.36 percentage points. The number of ...

Read More »

NPL ratio up to 9.75pc in January

The non performing loans (NPL) ratio increased by 0.29% to 9.75% in January, according to data released by the National Bank of Romania (BNR). Against January 2016 the level is lower by 3.71 percentage points. BNR Deputy Governor Liviu Voinea ...

Read More »

From huge losses to a sustained performance: Romania’s largest bank returns on profit in 2015

Banca Comerciala Romana (BCR) ended 2015 with net profit of RON 918.9 million (EUR 206.8 million), supported by good operating performance and risk provision release due to higher recoveries on the basis of improved workout capabilities and macroeconomic environment, a ...

Read More »

ING reduced its estimate of inflation in Romania for 2015 and 2016

ING reduced its inflation estimation for Romania for the next two years: by 0.2 percentage points to 0.7 percent – 2015 and 1.2 percent – 2016, respectively. As regards, bank’s forecast for 2017 was raised by 0.6 points, to 2, ...

Read More »