Reporter
Claudia Medrega
- Fields
- Banks-Insurance, Macroeconomics, Analysis
- Writing for ZF since
- 2011
- Articles
- 124
OTP Profit Slides 65% to RON14M In Jan-Sept 2021 Vs. Year-Earlier Period
OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the...
Intesa Sanpaolo Romania Revenues Go Down 5.2% in First 9 Months of 2021, to EUR29M, From Year-Earlier Period
Intesa Sanpaolo Romania, the domestic subsidiary of the Italian bank of the same name, for the first nine months of 2021 reported revenues worth EUR29 million, down 5.2% against the same per...
Central Bank Clears Foreign-Held Banks In Romania to Pay Dividends to Stakeholders
Romania’s central bank has cleared banks in Romania, some of which are controlled by foreign financial groups from countries such as Austria, France, Italy, the Netherlands and Greece, to pa...
Vista Bank Set to Hit Over EUR1.4B in Assets and 1% Market Share After Credit Agricole Takeover
Vista Bank (the former Marfin), controlled by Greek-held group Vardinogiannis, is set to reach total assets worth above EUR1.4 billion, loans of EUR800 million, deposits of EUR1.2 billion an...
Ranking Of Most Profitable Large Banks in Romania in 1H/2021: Top Three Banks Post RON2.2B Combined Profit
All large banks in Romania reported higher profits for 1H/2020 against the same period in 2020 amid weakening pandemic fallout and declining risk and provision costs, but also in the wake of...
J.C. Flowers Expects Central Bank Ok To Buy 25% Stake In Carpatica, A RON80M Deal
US fund J.C. Flowers shook hands with Romanian lender Banca Comerciala Carpatica (BCC.RO) stockholders to buy a 25% stake in the bank through a private investment worth nearly 80 million lei...
Change Of Direction In BNR’s Policy?
BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund.
The EUR1B Credit Line From World Bank Is Like Car Insurance – You Have An Accident, You Get The Money
The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reser...
World Bank Discusses Romania’s EUR1B Loan On Tuesday
The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international fin...
New Government To Free Up EUR400M For Consumer Spending And Drive Deficit To 2.2% Of GDP
The gradual restoration of public sector wages and paying back health insurance contributions collected from pensioners could have a negative impact of about 1.7 billion lei (about EUR400 mi...
The Economist: Greater Concentration In Romania's Banking Sector Is Likely
Bank profitability is expected to remain low in the short term in Romania, as the favorable impact on the banking system of the return to economic growth will come with a lag. But profits wi...
Exports Rose By 1.4% In January After 20% Rise Last Year
Exports rose in January by just 1.4% in euro terms compared with the same month a year ago, affected by the demand decline in the euro zone, the main market for Romanian products, as well as...