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ING Romania Appoints Austrian Philipp Gamauf CFO
Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a member of the bank's Executive Committee, the ba...
Adrem Borrows over RON32M from ING for Development
Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over RON32 million loan from ING to support its d...
Ropharma Seeks To Get EUR2M Loan From ING Bank
Ropharma (RPH.RO), a pharmacy chain owned by entrepreneur Mihai Miron, said in a stock market report on October 26 that it had called its shareholders to vote on contracting a credit facilit...
ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5%
ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an...
ING Becomes Tenth Bank in Romania to Add Instant Payment Services to Portfolio
ING Bank Romania is expanding its innovative payment services portfolio with Instant Payments services, developed by Transfond.
ING Bank Net Profit Rises Slightly to RON1B in 2022
ING Bank posted net profit of RON1.06 billion in 2022, up slightly, by 3% on the 2021 figure, while revenue rose 10% to some RON2.6 billion.
ING: Record High Nov Inflation, Faster Services Price Growth Likely to Force BNR to Raise Key Rate to 7% in Jan 2023
Romania in November posted record high inflation, of 16.8%, a 20-year high, and December is most likely to bring the peak of this growth cycle, at around 17%, according to ING Bank analysts.
ING Bank Profit Up 39% to RON535M in H1
ING Bank, the fourth largest bank in Romania by assets, posted RON535 million net profit in the first half, an increase of 39% on the year-ago period.
ING: Eight In Ten Romanians Expect Prices To Increase On Average 25% In Coming Period
A recent study by Ipsos for ING Bank shows that eight out of ten Romanians believe prices will increase on average 25% in the next period percent.