Finance | 6 June, 2025 at 9:03 AM
Growth of Romanian retail banking stands out in Europe
The European retail banking sector experienced a significant deceleration in income growth in 2024, dropping to 2.9% from 18% in 2023.
The European retail banking sector experienced a significant deceleration in income growth in 2024, dropping to 2.9% from 18% in 2023.
Patria Bank has announced a new €8 million subordinated loan from the European Fund for Southeast Europe (EFSE).
State-owned CEC Bank has completed its e-factoring project, marking a significant step forward in its ongoing digitalization strategy.
Romanian neobank Salt Bank has recorded over 500,000 customers in the first year of operation, a figure that is double compared to its initial launch projections.
CEC Bank Financial Group recorded a net profit of RON 687.9 million (€138 million), with the bank itself recording a net profit of RON 668.2 million (€134 million).
Romania's banking sector has a relatively low exposure to the commercial real estate (CRE) market, indicating stability and significant growth potential, according to an analysis by Cushman & Wakefield Echinox.
Intesa Sanpaolo recorded significant growth in commissions, up 9% compared to 2023, with acceleration in Q4. Insurance income reached an all-time high, increasing by 4%.
This is the second year that Banca Transilvania has been rated by Moody's, the rating agency's accreditation supporting BT's efforts to maintain the most efficient cost of capital.
Nearly three-quarters (73%) of European bank customers have kept their primary account with the same financial institution for over five years.
This agreement was facilitated by the InvestEU programme, which aims to trigger over €372 billion in additional investment over the period 2021-2027.
Romania's mergers and acquisitions (M&A) market recorded 122 transactions with a cumulative value exceeding €2.7 billion.
Romanian public engineering company Simtel Team has announced the signing of a significant EPC contract with a subsidiary of MOGAN Bucharest.
Pluxee, a global supplier of employee benefits and engagement solutions, has announced the acquisition of MyBenefits.
Inflation will increase over the planned fiscal package announced by Romania's Government, which includes the increase of fuel excises.
PLG Group, the largest ticketing company in CEE, has completed the acquisition of 100% of the shares in Bilete.ro, Entertix.ro, and Myticket.ro.