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Tag Archives: Raiffeisen Bank

Competition Council: We have not found evidence of a possible understanding between banks

In the investigation of the behavior of banks during October to November 2008, finalized in 2013, no evidence was found of a possible understanding between banks, the Competition Council has announced in response to Senator Daniel Zamfir’s statements. The Competition ...

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Softronic gets EUR 14 M financing from Raiffeisen Bank, secured by EximBank, for the production of electric locomotives

Raiffeisen Bank will grant EUR 14 million financing, secured by EximBank, to Romania-based Softronic company in Craiova. The credit is destined to cover the costs of production and delivery of six electric locomotives, which will be purchased by Green Cargo ...

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Global Finance: Raiffeisen, the “Best Bank in Romania”

Raiffeisen Bank International AG (RBI) was named “Best Bank in Central and Eastern Europe” by “Global Finance” in the framework of “The World’s Best Banks 2018” awards competition. The renowned financial magazine awarded this prestigious regional title to RBI for ...

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Moody’s upgrades Raiffeisen Bank Romania’s local currency deposit rating to Baa2

Moody’s Investors Service has upgraded Raiffeisen Bank Romania’s long-term and short-term local-currency deposit ratings to Baa2/Prime-2 from Baa3/Prime-3, a press release informs. The bank’s Baa3/Prime-3 long-term and short-term foreign-currency deposit ratings, constrained by the respective country ceiling for Romania, were ...

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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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Raiffeisen Bank’s net profit in H1, slightly higher by 2 pc to EUR 55 M

Raiffeisen Bank ended the first six months of this year with a net profit in a slight increase of 2 percent over the same period last year. According to a press release, in comparable terms, excluding non-recurring events, Raiffeisen Bank’s ...

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Five Romanian banks to grant EUR 400 M financing for SMEs

Five local banks – Raiffeisen Bank, ProCredit Bank Romania, Banca Comerciala Romana, Banca Transilvania and BancPost – are now part of the SME Initiative in Romania, to provide new financing for Small and Medium enterprises (SMEs) across the country, a ...

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