ECONOMY
-The volume of mortgage loans in RON granted by banks in Romania doubled in the fourth quarter of 2023 exceeding RON 10 billion y-o-y, according to the latest data published by the National Bank of Romania, quoted in a press release by Imobiliare.ro Finance.
-BRD-SocGen, the third largest bank on the Romanian market by assets, generated RON1.63 billion net profit in 2023, up 27% on an annual basis amid RON3.7 billion revenues (up 13%). The lender is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the form of dividends with 7.7% yield.
-The European Investment Bank (EIB) has approved EUR3.2 billion of new financing for Romania’s railway upgrades including clean energy, transport, corporate research and development, and business investment.
COMPANIES
-The latest survey conducted by local recruitment platform eJobs.ro revealed that 81% of employers plan team expansion in 2024 and 65% of them have already started them.
-Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in January-September 2023, up 61% on an annual basis, data from the National Association of Insurance and Reinsurance Companies in Romania (UNSAR) showed.
CAPITAL MARKET
Romania’s Financial Supervisory Authority (ASF) has approved the request filed by the Bucharest Stock Exchange (BVB) for the authorization of a new regulated market for derivatives, as per an Economica.net report.
