For a very long time the activity on the international financial markets has been dominated by expectations regarding the main central banks of developed economies maintaining accommodative monetary conditions. This translated both into an abundance of liquidity and a low […]
The European Investment Bank (EIB) published the Bank Lending Survey with a focus on Central, Eastern and South-Eastern Europe (CESEE). The survey examines data collected in September 2022 and outlines the expected trajectory for the next six months vis-à-vis credit demand, […]
Luca Victor Rogojanu was appointed Deputy General Manager (DCEO) and coordinator of the Credit and Risk Management Division within OTP Bank Romania. The appointment took place following the official approval issued by the National Bank of Romania. Under his coordination, […]
Garanti BBVA has signed a 40 million Euro loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group, with the purpose of financing investments in green housing, aiming to contribute to the joint effort to […]
ARIR (Romanian Association for Investor Relations), the promoter of the Investor Relations (IR) concept, celebrated at the ARIR Gala 2022 its excellence in communicating with investors, for the fourth consecutive year. In the presence of the Romanian capital market community, […]
The European Bank for Reconstruction and Development (EBRD) is lending 30 million Euro to Premier Energy, Romanian private gas distributor and supplier. The Bank’s investment will finance the working capital needs of the company amidst rising gas prices triggered by […]
OTP Bank Romania has registered a 15 million RON loss during the first nine months of 2022, which was mainly the result of the higher total provisions, amounting to a total of 151 million RON, out of which 58 million […]
Patria Bank announces the launch of Academia Patria, a financial education program dedicated to entrepreneurs. The educational project aims to support the business environment in Romania in the current difficult economic context. Within the Academia Patria, entrepreneurs can enroll for […]
Mastercard today introduces Crypto Source, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. The 2022 Mastercard New Payments Index reported that 29 percent of respondents globally hold cryptocurrency as an […]
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tightening monetary policy across the world and potential recession or stagflation in certain economies, […]
