Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.
To meet the diverse needs of consumers, multiple financing options are available.
BRD Group's net result amounted to RON 1.524 billion, compared to RON 1.656 billion in 2023. BRD's capital adequacy ratio on an individual level is 23%.
The total balance mortgage balance in payment increased almost fourfold in the last 16 years, from €5.7 billions in 2008 to €21.7 billion today.
The average instalment for buying a one-bedroom apartment in Bucharest came to hold a percentage of about 40% of the average wage at a national level, down from 43% a year ago.
Refinancing a mortgage loan today by switching to a fixed interest rate can bring a 22.5% decrease in the monthly installment paid compared to the value registered a year ago.
Reduced bank interest rates and banks' offers for this product are among the drivers of this trend.
The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.
Under this new agreement, 30% of the funds will be directed to projects supporting the transition to a green economy.
According to the NBR release, the annual inflation rate accelerated its decline in the first two months of Q2 2024, falling to 5.12 percent in May.
This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank.
Over the past 7 years tbi bank went through a major transformation from a traditional local player into SEE's leading challenger bank.
Romanian PM Ilie Bolojan has announced that a transitional period for natural gas pricing will be implemented between 1 April this year and the end of March 2027.
Mass Global Energy Rom has announced a new strategic investment of approximately €1 billion in Battery Energy Storage System (BESS) capacities.
Star Residence Invest, the first investment platform listed on the Bucharest Stock Exchange (BVB) dedicated to the real estate sector, has appointed Adrian Tănase as CFO.
Romanian grid power operator Transelectrica has signed a Memorandum of Understanding with Georgian State Electrosystem JSC (GSE) to develop the Georgia-Romania Interconnection Project, a submarine cable in the Black Sea.
The Romanian Business Leaders Foundation (RBL) has been accepted as a member of the European Bank for Reconstruction and Development's Civil Society Steering Committee for a two-year mandate from 2026 to 2027.