Banking

In February, Romania’s broad money supply (M3) reached RON 737,187.2 million (EUR 148.2 billion), according to the National Bank of Romania (NBR). This represents a 0.3% monthly increase (a 0.6% real-term decrease) and a 9.0% year-on-year growth (3.8% in real terms). Lending to the non-government sector saw a 0.4% monthly rise to RON 420,249.5 million (a 0.5% real-term decrease). RON-denominated loans, which

Austria’s Addiko Group, a consumer and SME-focused bank active across Central and South-Eastern Europe (CSEE), is set to enter the Romanian market in the first quarter of 2025. The bank will begin with digital personal loan offerings, according to a report from Economedia.ro. Despite the launch, Addiko does not expect the Romanian expansion to significantly impact profitability before 2026. The bank’s interest

Banca Transilvania Financial Group (BT), Romania’s leading lender, reported exceptional preliminary financial results for 2024, marked by substantial growth and strategic expansion. The Group’s assets surged to RON 207 billion, a 22.4% increase year-over-year, with the acquisition of OTP Bank Romania contributing 9.6 percentage points to this growth. Financial Highlights Consolidated net profit reached RON 4.7 billion, with Banca Transilvania contributing RON

Multinational banking and financial services company PKO Bank Polski officially commenced operations in Romania on January 1, 2025. The establishment of its corporate branch in Bucharest marks a significant milestone in the bank’s international expansion strategy for 2025-2027. This move aligns with PKO Bank Polski’s goal of strengthening its presence in Central and Eastern Europe, with Romania being identified as a key

Last month, loans to non-government sector granted by credit institutions in Romania increased 1.3 percent (1.0 percent in real terms) on a monthly basis to RON 413,220.0 million, central bank data showed. RON-denominated loans, representing 69.8 percent of total volume of loans to non-government sector, grew by 1.5 percent, whilst foreign currency-denominated loans, holding 30.2 percent of total loans to non-government sector,

Banca Transilvania (BT), Romania’s leading financial group, announced in a press statement on Sept. 25, 2024 that it sold EUR 700 million in bonds, while investor demand exceeded EUR 2.5 billion. This marks the second year running that BT has issued under the the Sustainable Finance Framework. Orders were submitted by almost 170 institutional investors, mostly international, i.e. 95%. The offer was