Raiffeisen Bank, the local subsidiary of the Austrian group of the same name, in the first nine months of 2023 registered RON1.3 billion, up 45% from the gain of the same period of 2022.
The Bucharest Stock Exchange, the operator of Romania’s capital market, for the first nine months of this year reported much improved financial results against the same period of 2022 on the direct impact of Hidroelectrica listing and the post-listing effect on trading activity.
BRD Soc Gen, Romania’s third largest lending institution, is convening its shareholders for December 14, 2023 to approve the distribution of RON643 million, namely 50% of the 2022 result, under the form of special dividends.
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by 19.4% year-on-year, to RON1.19 billion.
Fashion Days, the largest online fashion retailer in Romania, part of eMAG group and also present in Bulgaria and Hungary, expects to end fiscal year 2023-2024 with revenues of between RON820-850 VAT not included, up around 20% from 2020, the first pandemic year.
German retailer Kaufland has opened a new store in Urziceni, Ialomita county, thus reaching a 172-unit network nationwide.
Furniture and home products retailer JYSK is expanding further in Romania and has opened a new store in Domnesti, near Bucharest, thus reaching an 137-unit network countrywide.
Food wholesaler Nordic Food has brought to Romania the famous US burger Beyond Meat and other plant-based meat products in the company’s portfolio.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum.
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) shows.