iBanFirst Romania posts 203 percent increase in international payment volumes in the first half of 2024

iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has processed 660 million euros in international payments for Romanian trading companies in the first half of 2024, marking a substantial 203 percent increase compared to the same period last year.

These results position Romania and the Central and Eastern Europe (CEE) as the market with the highest payment and trading volume growth for the iBanFirst Group in the first half of S1 2024.

The substantial growth in payment volumes during the first six months of 2024 was driven by the dynamic business activities of existing clients and the surge in import-export operations. The increase in trading volume has also driven a revenue growth of 106 percent, with the CEE market now contributing 40 percent of iBanFirst’s overall revenue growth rate. iBanFirst’s client base includes 565 business companies in Romania and 1300 companies across the region.

„Our exceptional growth in Romania underscores the sustained need for innovative financial solutions and is a testament to the trust our clients have placed in us. Romania is now one of our top European markets, with strong performance in key indicators such as growth rate, transaction volume, revenue, new client onboarding, and talent retention. We are dedicated to supporting Romanian trading companies in their international endeavors and remain committed to delivering unparalleled service and value”, said Johan Gabriels, Regional Director for South-East Europe at iBanFirst.  

iBanFirst plans to further invest in the Romanian market by expanding its team in Bucharest, enhancing its technological capabilities, and launching new products tailored to the needs of local businesses.