RSS
Financial & Banking
Garanti BBVA Romania reports a 28.6% increase in net revenues in 2024
Monday, May 5, 2025
Garanti BBVA Romania registered net revenues of RON 654 million in 2024, reflecting a 28.6% year-on-year increase, with both loans and deposits on an upward trend. In the mentioned period, the bank’s net interest income rose to RON 570 million, up 44.2% compared to 2023, driven by the growth in lending volumes across all business lines: Corporate (+14%), Retail (+11.4%), and SMEs ...
TBI Bank to be bought by Advent International
Monday, May 5, 2025
4finance Holding S.A. has signed a definitive agreement to sell TBI Bank EAD to Advent International, a leading global private equity investor from United States, through its subsidiary TBI Financial Services B.V. The transaction is subject to customary regulatory approvals and is expected to close in Q4 2025. TBI Bank is a rapidly growing and highly profitable South-East European ...
BVB's Hanga: Stock Exchange can be the path for companies to the market
Monday, May 5, 2025
The stock exchange can truly be the path for local companies to the market, with the added value that we bring to the "private equity" area being visibility, the president of the Bucharest Stock Exchange (BVB), Radu Hanga, stated on Tuesday, at the event marking the 10th anniversary of the listing of Bittnet Group on the local capital market."We can say that the listing of Bittnet on the AeRo market of the Bucharest Stock Exchange has led to a ...
Opening Remarks at the Press Conference for the IMF Regional Economic Outlook for Europe by Alfred Kammer
Monday, April 28, 2025
April 24, 2025 Welcome to today’s press conference on the economic outlook for Europe. Since our last briefing in October, the global economy has seen fundamental shifts in trade ...
World Bank estimates economic growth of 1.3% for Romania in 2025
Monday, April 28, 2025
The World Bank (WB) estimates a slowdown in growth in developing economies in the Europe and Central Asia (ECA) region to 2.5% in the period 2025-2026, for Romania predicting an economic growth of 1.3% in 2025 and 1.9% in 2026, according to the ECA Economic Update Report for the region, published on Wednesday.Economic growth in developing economies in the Europe and Central Asia (ECA) region is likely to slow, according to the World Bank's ECA Economic ...
Monetary indicators - March 2025
Monday, April 28, 2025
According to Central Bank data, at end-March 2025, broad money (M3) amounted to RON 739,806.8 million, up 0.4 percent (0.1 percent în real terms) month on month. In year-on-year comparison, broad money rose by 9.0 percent (3.9 percent in real ...
Financial assets of public administrations increased by 0.5 percentage points in the fourth quarter of 2024
Monday, April 28, 2025
The financial assets of the public administrations expressed as share of the GDP increased in the last quarter of 2024 by 0.5 percentage points as compared to the similar period of 2023, reaching 27.5% according to the data published by the National Bank of Romania. According to the quoted source, the rising evolution was determined by the increase in cash and deposits, the stock of ...
ASF: New regulation on private pension scheme market, a decisive step towards Romania's joining OECD
Monday, April 28, 2025
Romania is taking a decisive step towards joining the Organization for Economic Cooperation and Development (OECD) after the government adopted on Wednesday a regulatory act aimed at amending the legislative framework governing the private pension scheme market, the Financial Supervisory Authority (ASF) said in a release."The regulatory act adopted by the government amends the legislative framework governing the private pension scheme market, ...
Ministry of Finance: Record investments in gov't bonds in Q1
Monday, April 28, 2025
Romanians have invested 17.4 billion lei in government bonds this year, three times more than in the same period last year, and 80% of this amount represents new investments, the minister of Finance, Tanczos Barna, informs on Tuesday."17.4 billion lei is the amount invested this year in government bonds - three times more than in the same period last year. These investments mean that the interest paid by the state to finance the budget deficit ends up in the ...
Balance of payments and external debt – February 2025
Monday, April 14, 2025
In January – February 2025p, the balance-of-payments current account posted a deficit of EUR 4,809 million, compared with EUR 2,600 million in the first two months of 2024. The breakdown shows that the deficit on trade in goods widened by EUR 1,502 million, the surplus on services fell by EUR 187 million, the primary income deficit increased by EUR 93 million, while the secondary income surplus decreased by EUR 427 ...
EBRD and UniCredit sign their first synthetic securitisation in Romania
Monday, April 14, 2025
EBRD provides up to €77.5 million in credit protection to UniCredit Bank S.A Transaction to enhance UniCredit Bank’s capital resilience, increase lending capacity UniCredit Bank to extend new lending to private sector, including for green ...
Rating Action Commentary: Fitch Affirms City of Bucharest at 'BBB-'; Outlook Negative
Monday, April 14, 2025
Fitch Ratings has affirmed the Romanian City of Bucharest's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with Negative Outlook. The affirmation reflects Fitch's unchanged view that in the medium term the city's operating performance and debt ratios will remain in line with peers with 'aa' category financial profiles. This is despite pressures on its budget from ...
Rating Action Commentary: Fitch Affirms Romanian City of Oradea at 'BBB-'; Outlook Negative
Monday, April 14, 2025
Fitch Ratings has affirmed the Romanian City of Oradea's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with Negative Outlook. At the same time Fitch has affirmed the city's Short-Term Foreign-Currency IDR at 'F3'. The affirmation reflects Fitch's view that the City of Oradea's operating performance and debt ratios will remain in line with those of peers with a financial ...
Rating Action Commentary : Fitch Withdraws Romanian Cluj County's Ratings
Monday, April 14, 2025
Fitch has chosen to withdraw Cluj County's ratings for commercial reasons as the issuer decided to stop participating in the rating process. Therefore, we will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide analytical coverage for Cluj County. Key Rating Drivers No longer relevant, as the ratings have been ...
Rating Action Commentary : Fitch Affirms Romanian City of Brasov at 'BBB-'; Outlook Negative
Monday, April 14, 2025
Fitch Ratings has affirmed the Romanian City of Brasov's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Negative Outlook. The affirmation reflects Fitch's view that the City of Brasov's operating performance and debt ratios will remain in line with those of peers with a financial profile in the 'aaa' category over the medium term. This is despite budgetary pressures ...
Banca Transilvania Group expands into the Republic of Moldova
Monday, April 14, 2025
Victoriabank, part of the Banca Transilvania Financial Group, has taken the first step today toward a new acquisition in the Republic of Moldova, in the microfinance sector. Representatives of Victoriabank and Microinvest, the market leader in microfinance in Moldova, signed an agreement in Chisinau through which Victoriabank will acquire Microinvest. The new acquisition will support the growth of ...
Salt Bank marks its one year anniversary with 500,000 customers and new digital banking features
Monday, April 14, 2025
Salt Bank celebrates one year since its launch with a new breakthrough: over 500,000 customers have chosen Romania’s first 100% Romanian neobank so far – twice in volume versus the initial estimates. Salt Bank is already among the top 10 banks in Romania and continues to grow at an accelerated pace, launching innovative digital products – some of them in premiere on the local market. In April 2024, Salt ...
SIGNAL IDUNA companies recorded an aggregated growth of 16% in 2024 and continue to expand
Monday, April 14, 2025
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate clients, and the signing of the acquisition agreement for Garanta Asigurari – currently ...
CEC Bank Financial Group: Preliminary financial results for 2024
Monday, April 14, 2025
CEC Group reports a net profit of 687.9 million lei for 2024. The group continued to consolidate its market position and recorded an increase in net assets to 99.33 billion lei – up 19% compared to the same period of the last year. The Group’s net assets increased by 19% compared to the same period last year, from 83.61 billion lei to 99.33 billion lei. In the case of the Bank, net assets increased from 83.55 billion lei to ...
International reserves – March 2025
Monday, April 7, 2025
In 31 March 2025, the National Bank of Romania’s foreign exchange reserves stood at EUR 61,993 million, compared to EUR 62,593 million on 28 February 2025. During the month, the following flows were recorded: EUR 2,336 million worth of inflows representing: changes in credit institutions’ foreign currency-denominated required reserves with the NBR; inflows into the Ministry of ...