BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of RON166 million, 101% higher, in line with ZF calculations based on the company’s financial report.
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall.
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result of increased operating expenses, higher personnel costs, IT investments.
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered a RON4.5 million net loss and RON32.8 million turnover, up 12% from 2022.
Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand the company. The travel agency is already in talks to take over some market operators.
Fox Com Serv, the largest company part of Fox group, operating in the field of meat processing, in 2023 generated RON477 million turnover, up 33% from 2022.