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ING Bank Posts RON276M Profit in Romania in Q1
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.
ING Bank Romania Net Profit Rises 109% to RON1B in 2021
ING Bank Romania made net profit of RON1.03 billion in 2021, up 109% compared with 2020, while total revenue rose to RON2.35 billion, up 11%.
Gersim Impex Borrows EUR15.5M From ING Bank For Working Capital
ING Bank Romania granted a loan of EUR15.5 million to Romanian company Gersim Impex, a wholesaler of mobile phones and tablets in Romania, which will use the funds for working capital.
Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growt...
ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronoun...
Ameropa Contracts EUR324M Syndicated Credit Facility
Swiss-held Ameropa, one of the biggest grain traders and chemical fertilizer producers in Romania, has contracted a multi-currency revolving-type credit facility worth EUR324 million with a...
ING Bank Romania Posts RON197M Net Profit in 1Q/2019
Lender ING Bank posted a net profit of RON 197 million in the first quarter and a gross profit of RON222 million, 4% higher than in the first quarter of 2018, the bank said Tuesday.
ING To Keep Investing And Growing In Romania Despite Bank Tax
ING Bank, the sixth largest bank in Romania by assets, will continue to invest and grow in Romania despite the government’s introducing a tax on banks' financial assets, said ING Chief Execu...
ING Bank Romania: Economic Sentiment Dips to Lowest Level in 4 Years
Despite a rebound in consumer morale, confidence in the service sector marked a three year low and dragged overall sentiment to its lowest since September 2014, according to an analysis by I...