Banks-Insurance
Romania Forex Reserves Shrink To EUR64.39B In June 2024
Romania's foreign exchange reserves stood at EUR64.39 billion at the end of June 2024, compared with EUR65.07 billion on May 31, 2024, central bank data showed on Monday (July 1, 2024).
Loan Reference Index IRCC Slightly Down At 5.89% For Q3, 2024
IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, will stand at 5.86% a year in July-September 2024, calculated based on the interbank transactions...
Finance Ministry Raises RON3.03B From Banks On June 27
Romania's Finance Ministry raised RON3.03 billion from banks on Thursday (June 27), selling government paper in two auctions at annual average yields of 6.10% and 6.68%.
ING Bank Grants EUR150M Loan To Digi
ING Bank provided Digi Romania and Digi Communications, the parent company of the telecom operator, a EUR150 million funding for three years from the first use, which the group will put towa...
EBRD Slightly Reduces Stake in Banca Transilvania; Remains Confident of Bank’s Future Prospects
The European Bank for Reconstruction and Development (EBRD) has slightly cut its stake in Banca Transilvania, the largest bank in Romania, via the sale of 13.7 million shares in an accelerat...
CFA Analysts Foresee 1.9% GDP Growth, 6% Budgetary Gap in 2024. Inflation Expected to Average 5.45%, Leu to Reach 5.0605 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, dow...
University Of Medicine And Pharmacy Of Iasi Gets EUR35.4M Loan From EIB
Romania’s Grigore T. Popa University of Medicine and Pharmacy of Iasi (UMF Iasi) is borrowing EUR35.4 milion from the European Investment Bank (EIB) to refurbish and upgrade campus buildings...
Romania Private Lending Up 5.7% YOY To RON393.5B in May 2024
Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6% increase and foreign currency ones a 1.6% adva...
Nuclearelectrica Makes RON265.8M Term Deposit with Exim Banca Romaneasca
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON265.75 million, the company informed its shareholders...