tbi bank’s consolidated unaudited financial results for 2023 show net profit of EUR 42.4 million – 16 percent higher than the EUR 35.5 million profit achieved in 2022. Throughout that period tbi onboarded new merchant partners, including new verticals, and […]
Romania was among the top beneficiaries of the European Investment Bank support in 2023 relative to the size of its economy. New financing committed last year reached a record high of 4.1 billion Euro, which corresponds to around 1.3 percent of […]
OTP Bank Romania recorded a consolidated net profit of 262 million RON in 2023, seven times higher than the amount of 2022. Operating profit in 2023 reached RON 270 million, up 25 percent higher than in 2022, as a result […]
The Ministry of Finance (MF) attracted 843.9 million RON and 190.5 million Euro (values totalling 360.3 million Euro), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s […]
Rodbun Group, one of Romania’s leading agribusiness companies, has signed a syndicated credit facility totaling 101.5 million Euro, through which refinances and increases existing facilities by 37.14 million Euro. The credit facility includes three tranches, a 93.5 million Euro revolving […]
BCR achieved a net profit of RON 2,321 million (EUR 469 million) in 2023, up by 33 percent against RON 1,746 million (EUR 354 million) in 2022, driven by improved operating result underpinned by advance in customer business. “For BCR, […]
International Finance Corporation (IFC) has provided a 150 million Euro investment with sustainability-linked features consisting of a syndicated loan facility and a convertible instrument to Lion’s Head Investments (LHI), a commercial property platform in Bulgaria and Romania. Lion’s Head currently […]
tbi bank appoints Alex Garmash as Merchant Ecosystem Leader. In this role, he is set to guide and shape key business activities, fostering collaboration with merchant partners in the bank’s strategic markets of Bulgaria, Romania, and Greece. With more than […]
Maib, the largest bank in Moldova, has announced today that Giorgi Shagidze will extend his mandate as CEO and Chairman of the Management Committee until December 31, 2025. In the event of a successful IPO of the bank, the mandate […]
In 2023, Raiffeisen Bank Romania recorded a 130 percent increase in investment plans, voluntary pensions and life insurance with a savings component, as well as record guarantees from the European Investment Fund, enabling the financing of Romanian SMEs with more […]
