The appetite for financing of the local small and medium enterprises has been constantly developing for the past years, Garanti Bank registering an annual average growth of 20% in the SME segment from 2010 and up to the present, said the bank in a statement.Garanti Bank, one of the most innovative and dynamic banks on the local market, has a portfolio of 25,000 SME clients and has reached a total volume of the active loans granted to SMEs of almost EUR 300 million, with an average loan ticket size of EUR 90,000. At the same time, the average annual increase in the volume of SME customer deposits has been 42.5% in the last four years.Most small and medium enterprises in Garanti Bank’s portfolio (run by men and/or women) operate in the commerce & distribution sector (17%), followed by services (15%), healthcare & tourism (13%), and... detalii
Garanti Bank, one of the most innovative and dynamic banks on the local market, revised the Gross Domestic Product (GDP) growth expectations for 2014 from 2.6% to 2.9% in its... detalii
A delegation from the EBRD’s Board of Directors is on a four-day mission to Romania where the group will visit the capital Bucharest and nearby counties of Buzău and Ialomița.The visit is part of a regular series of consultations that enable EBRD Directors to better understand the priorities for the local economy and to maintain close dialogue with Romania’s authorities, private sector and civil society.Representatives of the EBRD Board on this visit include:Jérôme Baconin, FranceTamsyn Barton, European Investment BankAnthony Bartzokas, Greece/PortugalEvren Dilekli, Turkey/Romania/Azerbaijan/Kyrgyz RepublicVirginia Gheorghiu, Turkey/Romania/Azerbaijan/Kyrgyz RepublicAndrás Karman, Hungary/Czech Republic/Slovak Republic/Croatia/GeorgiaJorma Korhonen, Norway/Finland/LatviaJonathan Ockenden, United KingdomAntonio Oporto, Spain/MexicoSergey Verkashanskiy, Russian Federation/Belarus/TajikistanDuring their visit the Board Directors, together with the EBRD’s Director for Romania James Hyslop, will meet Romanian President Traian Băsescu, Prime Minister Victor Ponta, Minister of Finance Ioana-Maria Petrescu, Minister Delegate for Budget Liviu Voinea, Minister for European Funds Eugen Teodorovici and Governor of... detalii
The European Commission has found the restructuring plan of the Greek Alpha Bank, including the acquisition and integration of Emporiki Bank, to be in line with EU state aid rules.... detalii
EBA consults on a framework for common supervisory procedures and methodologies
EBA proposes potential regulatory regime for virtual currencies, but also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place
Raiffeisen Bank expects a profit in Romania also in 2014
Erste Group expects higher risk costs in 2014; updates outlook for 2014 and 2015
The bonds issued by Garanti Bank are traded at the Bucharest Stock Exchange
EBRD takes part in Romania’s largest ever IPO with an 8.6 per cent stake in Electrica
EBA publishes report on risks and vulnerabilities of the EU banking sector
IFC Boosts Smaller Businesses, Women Entrepreneurs in Romania
Statement at the Conclusion of the IMF and EC Staff Visit to Romania
EBA publishes report on benchmarking of remuneration practices in the EU
Raiffeisen Bank redeems the full € 1.75 billion in participation capital subscribed by the Republic of Austria
Garanti Leasing receives a EUR 7.5 million loan from Black Sea Trade and Development Bank to finance SMEs
EBA publishes common methodology and scenario for 2014 EU-banks stress test
Crina Cosma, appointed by the Ministry of Finance as Vice-president of EximBank
EBRD finances its first solar energy project in Romania
Peter Praet, ECB: The financial cycle and real convergence in the euro area
IMF: Transcript of a Conference Call on Romania
Eurobank: Capital Increase to raise up to EUR 3,000m
Statement by Menno Snel, IMF Executive Director for Romania, and Serban Matei, Senior Advisor to the Executive Director
IMF Executive Board Completes First and Second Reviews Under the Stand-By Arrangement and Ex-Post Evaluation of Exceptional Access for Romania
Mario Draghi, President of the ECB: A consistent strategy for a sustained recovery
European Parliament and Council back Commission's proposal for a Single Resolution Mechanism: a major step towards completing the banking union
Federal Reserve issues FOMC statement
Piraeus Bank issued €500 million senior unsecured bond
Regulatory Technical Standards to implement the single banking rule book (capital requirements - CRD IV package) - Frequently asked questions: See also IP/14/255
Garanti Bank and Garanti Mortgage, one of Garanti Group Romania’s NBFIs,
initiate official merger procedures
UniCredit press release: Guidelines of Strategic Plan 2013-18 and 4Q13 and FY13 Group Results
EUR 76mn Erste Group financing for 108 MW wind farm project in Romania sponsored by STEAG GmbH, Germany
BCR Group results for full year 2013: Net profit at RON 591.2 million (EUR 133.8 million)
Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios
ESMA-EBA: Euribor makes significant progress with reforms
Erste Bank offers its clients up to 30% of the damages suffered as a result of Closed Real Estate and Shipping Funds
The EBA publishes final draft technical standards on classes of instruments used for variable remuneration
UniCredit: Moody's changed UniCredit SpA's Baa2 rating outlook to stable
EBA publishes risk dashboard of EU banking sector
ING Group full-year 2013 underlying net profit of EUR 3,255 million, up 22.2% from full-year 2012
Erste Group provides business update for 2013: Improvement in risk costs is outweighed by one-off items and tax effects, impacting net profit
ING and Dutch State complete unwinding of lABF
EBA, ESMA and EIOPA consult on draft technical standards on the mapping of ECAIs credit assessments
Statement at the Conclusion of the IMF and EC Staff Visit to Romania
EBA announces key features of the 2014 EU-wide Stress Test
BCR Supervisory Board modifies composition of the Management Board
EBA issues Recommendation on the use of the Legal Entity Identifier (LEI) for supervisory purposes
EBA publishes final draft technical standards on own funds requirements for investment firms
Romanian central bank: household deposits in domestic currency increased by 7.1 percent in 2013
Romanian Central Bank: non-government loans granted by credit institutions declined by 0.6 percent in December 2013
Ukrainian Group DF takes over Pravex-Bank from Intesa Sanpaolo
RBI successfully completes EUR 2.78 billion pre-placement
PwC Survey: Romanian CEO’s upbeat about the growth perspectives in 2014
UniCredit: agreement with Mariner Investment Group for a disposal of junior/mezzanine notes of project finance portfolio
Vienna Initiative sets priorities for 2014
IMF Press Release: Mission Dates for the Visit of the IMF Mission to Romania
The Global Economy in 2014: This crisis still lingers. Yet, optimism is in the air (Christine Lagarde, Managing Director, IMF)
Basel III leverage ratio framework and disclosure requirements
Slovak Republic successfully tests investor appetite for long CEE tenors with 15-year benchmark Eurobond
Raiffeisen Bank International considering capital strengthening
EBA publishes report on risks and vulnerabilities of the EU banking sector
UniCredit announces to have reached an agreement on the sale of a non performing consumer and personal loans credit portfolio
An IMF mission is planned to visit Bucharest in January 2014
Garanti Bank Romania forecasts for 2014: Lower economic growth, inflation at a historical minimum and recovery of the construction sector
EBA publishes outcome of 2013 EU-wide transparency exercise
EBA publishes final draft Implementing Technical Standards on joint decisions on institution-specific prudential requirements
EBA warns consumers on virtual currencies
EBA transparency exercise
Delia Velculescu, IMF: Cyprus on the Mend?
EBA publishes Guidelines on retail deposits subject to different outflows for the purpose of liquidity reporting
EBA presents data on high earners in EU banks for 2012
Roland Pecsenye "the great visionary" of mobile payments who brought innovation in Romanian banks
ECB suspends early repayments of the three-year
LTROs during the year-end period
Fitch Ratings has affirmed BCR, BRD and Garanti Bank ratings. The Outlooks are Stable
Jörg Asmussen, ECB: The public and the private banking union
Mario Draghi, President of the ECB: statements in the press conference, 7 November 2013
Statement at the end of the IMF and EC Staff First Review Mission to Romania
Contactless payment cards: research highlights security concerns
ING and Dutch State reach agreement on unwinding of Illiquid Assets Back-up Facility
Banca Transilvania profit decreased by 9.5% to 240 million RON
Vienna 2 Initiative draws attention to weak credit growth and special challenges for South Eastern Europe
Romanian National Bank: Deposits went up 0,9% in September
Romanian Central Bank: loans increased by 0,5% in September
IMF Executive Board Approves New €1.98 Billion Precautionary Stand-By Arrangement for Romania
Federal Reserve issues FOMC statement
Raiffeisen Bank International AG (RBI) revises expected provisioning requirement
Romania West Region Aims to Catch Up With Its More Developed Peers in the European Union Over the Next Programming Period 2014-2020
Österreichische Volksbanken-Aktiengesellschaft (VBAG) Group publishes consolidated results for the first half year of 2013
Raiffeisen Bank International with consolidated profit of € 277 million in the first half 2013
Research: Millennials generation puts more emphasis on work flexibility and recognition of their work rather than financial rewards
FATCA responsibilities for Romanian financial institutions
Raiffeisen Bank Romania reports a net profit of EUR 60 million for the first half of 2013
PwC analysis: Eurozone peripheral economies are gaining competitiveness and capitalizing on higher tourist numbers
EBRD provided an €225 million corporate senior loan to Cosmote
Erste Group & Ceska sporitelna advise buyers of Czech energy network, NET4GAS
New Erste Group loan of EUR 34mn contributes to La Fantana recapitalization
Visa Europe appoints new CEO
Statement by the IMF and the EC on Joint Discussions on a New Economic Program for Romania
National Bank of Romania: Deposits advanced 0,1% in June 2013
National Bank of Romania: Private credit rose by 1,1% in June 2013