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Romania's Central Bank Approves Appointment Of Valentin Vancea As CEO Of Patria Bank
Banks-Insurance

Romania's Central Bank Approves Appointment Of Valentin Vancea As CEO Of Patria Bank

Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment of Grigore-Valentin Vancea to the position o...

Ecaterina Craciun · 19.03.2024 · 00:30 · 1 min
Romania Forex Reserves Grow To EUR63.12B In February 2024
Banks-Insurance

Romania Forex Reserves Grow To EUR63.12B In February 2024

Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank data showed on Friday (March 1, 2024).

Ecaterina Craciun · 01.03.2024 · 20:42 · 1 min
Romania's Central Bank Anticipates More Pronounced Acceleration Of Country's Economic Growth In 2024 And 2025
Banks-Insurance

Romania's Central Bank Anticipates More Pronounced Acceleration Of Country's Economic Growth In 2024 And 2025

Romania's central bank predicts a more pronounced acceleration of the country's economic growth in 2024 and 2025 than in previous forecasts, amid a slowdown in inflation and the recovery of...

Ecaterina Craciun · 26.02.2024 · 15:06 · 15 min
Romania's Central Bank Holds Key Rate Steady At 7% a Year For 9th Consecutive Time
Banks-Insurance

Romania's Central Bank Holds Key Rate Steady At 7% a Year For 9th Consecutive Time

Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's ninth consecutive rate freeze.

Ecaterina Craciun · 13.02.2024 · 16:49 · 9 min
Central Bank: Romania Banking System Boasts Record High Profit Of Nearly RON14B In 2023, Up 34% vs 2022
Banks-Insurance

Central Bank: Romania Banking System Boasts Record High Profit Of Nearly RON14B In 2023, Up 34% vs 2022

Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the country's central bank.

Ecaterina Craciun · 09.02.2024 · 23:22 · 1 min
Romania Forex Reserves Grow To EUR61.4B In January 2024
Banks-Insurance

Romania Forex Reserves Grow To EUR61.4B In January 2024

Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank data showed on Thursday (February 1).

Ecaterina Craciun · 01.02.2024 · 23:11 · 1 min
Central Bank: Latest Estimates Point To Romania's Annual Inflation Rate Going Up In January 2024 And Then Resuming Its Gradual Decline
Macroeconomics

Central Bank: Latest Estimates Point To Romania's Annual Inflation Rate Going Up In January 2024 And Then Resuming Its Gradual Decline

The annual inflation rate posted a faster-than-expected decrease in the first two months of Q4/2023, falling to 6.72% in November, from 8.83% in September, amid the continued slowdown in the...

Ecaterina Craciun · 12.01.2024 · 16:21 · 7 min
Romanian Central Bank Further Keeps Key Rate Unchanged At 7% a Year For 8th Consecutive Time
Banks-Insurance

Romanian Central Bank Further Keeps Key Rate Unchanged At 7% a Year For 8th Consecutive Time

Romania's central bank has decided at its board meeting on Friday (January 12, 2023) to keep its benchmark interest rate on hold at 7% a year, being the bank's eighth consecutive rate freeze...

Ecaterina Craciun · 12.01.2024 · 15:44 · 1 min
Romania Forex Reserves Grow To EUR59.7B On December 31, 2023
Banks-Insurance

Romania Forex Reserves Grow To EUR59.7B On December 31, 2023

Romania's foreign exchange reserves stood at EUR59.7 billion on December 31, 2023, up 1.48% from EUR58.8 billion on November 30, 2023 and up 28.1% from EUR46.6 billion on December 31, 2022,...

Ecaterina Craciun · 03.01.2024 · 14:20 · 1 min