The three-month ROBOR index, used to calculate the cost of consumer loans in lei with variable interest rates, fell to 6.21% per annum on Wednesday.
BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.
The Central, Eastern and South-Eastern Europe (CESEE) banking sector is demonstrating remarkable resilience and growth potential.
The European retail banking sector experienced a significant deceleration in income growth in 2024, dropping to 2.9% from 18% in 2023.
Patria Bank has announced a new €8 million subordinated loan from the European Fund for Southeast Europe (EFSE).
State-owned CEC Bank has completed its e-factoring project, marking a significant step forward in its ongoing digitalization strategy.
Romanian neobank Salt Bank has recorded over 500,000 customers in the first year of operation, a figure that is double compared to its initial launch projections.
CEC Bank Financial Group recorded a net profit of RON 687.9 million (€138 million), with the bank itself recording a net profit of RON 668.2 million (€134 million).
Romania's banking sector has a relatively low exposure to the commercial real estate (CRE) market, indicating stability and significant growth potential, according to an analysis by Cushman & Wakefield Echinox.
Intesa Sanpaolo recorded significant growth in commissions, up 9% compared to 2023, with acceleration in Q4. Insurance income reached an all-time high, increasing by 4%.
This is the second year that Banca Transilvania has been rated by Moody's, the rating agency's accreditation supporting BT's efforts to maintain the most efficient cost of capital.
Nearly three-quarters (73%) of European bank customers have kept their primary account with the same financial institution for over five years.
This agreement was facilitated by the InvestEU programme, which aims to trigger over €372 billion in additional investment over the period 2021-2027.
Oil major OMV Petrom is progressing with its Neptun Deep development project, expecting first gas production in 2027 with estimated investments of up to €4 billion.
ABB Romania has opened its new customer experience center in Bucharest, a space designed to showcase the company's solutions in electrification, automation, energy efficiency and motion.
EU enterprises are rapidly adopting artificial intelligence technologies, with 20% of companies with 10 or more employees now using AI to conduct business in 2025, according to Eurostat.
Companies and local authorities will have over €1.5 billion in grants available for investment in energy and energy efficiency at the beginning of next year.
Premier Capital has reached a milestone with the opening of its 200th McDonald's restaurant across its European portfolio, located in Malta - the company's home country.