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APS Group Buys 7,000-NPL Portfolio Worth EUR24M from Major Bank in Romania
APS Group, a CEE asset manager, has bought a EUR24 million non-performing loan portfolio from a bank of Romania.
European Commission Approves Measure to Establish Romanian Investment and Development Bank
The European Commission has approved, under EU State aid rules, a EUR1.6 billion Romanian measure to set up the Romanian Investment and Development Bank.
Dentons Law Firm Assisted Banks That Granted EUR450M to AFI Europe in Romania
Law firm Dentons advised a syndicate of lenders - Erste Group Bank, Banca Comerciala Romana, Raiffeisen Bank International, Raiffeisen Bank Romania and Alpha Bank Romania, in the granting of...
Number of Banks in Romania to Drop from Current 34 Following Consolidation
After 2020 and 2021 were affected by the effects of the coronavirus pandemic, the year 2022 came with new challenges, such as a war on the borders of Romania, energy crisis, inflation, rise...
Kruk: Bad Debt Held by Romanian Banks Reaches EUR3.4B in 2021
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt c...
Libra Bank Sees Profit Rise to RON123M in H1
Libra Internet Bank ended the first half with RON123.2 million net profit, an increase of 416% on the year-ago period, while total income went up 13.11% to RON186.3 million, the lender’s rep...
Top Ten Banks in Romania See 13% Rise in Assets to RON560B in 2020
Romania’s banking system numbered 34 banks last year, the same as in 2019, more than half of which with less than 1% market share.
Lenders in Romania See Profit Rise 15% in Q1
The net profit of Romania’s banking system reached about RON1.89 billion at the end of the first quarter of 2021, 15% higher than in the year-ago period, while assets rose to a peak of RON57...
Bucharest, Cluj And Constanta Have Highest Bank Deposits Per Capita in Romania
The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated...