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currency

RON hits lowest level against Euro since October 2012

News May 18, 2017 16:54 0 comments

The RON depreciated on Thursday against the euro, up to RON 4.5729 per EUR, this being the weakest exchange rate for the Romanian currency against the European one in the around last four and a…more »

USD to RON exchange rate reaches new high at 4.3146

Finance December 15, 2016 16:55 0 comments

The USD to RON exchange rate reached a new high on Thursday and stands at 4.3146, up by RON 0,07. On Wednesday the USD to RON exchange rate was 4.2448. The EUR to RON exchange…more »

exchange rate

Exchange rate drops below 4.5 RON/EUR

Banking February 08, 2016 17:47 0 comments

The RON/EUR pair has dropped below the 4.5 threshold today, to 4.4763 RON/EUR, a first time low for this year, according to the National Bank of Romania (BNR). The local currency had been above the…more »

exchange rate

Exchange rate up slightly after government fall

Banking November 04, 2015 15:26 0 comments

The exchange rate announced by the Central Bank (BNR) increased to 4.4462 RON/EUR during the day following prime minister Ponta’s resignation. On Tuesday the exchange rate stood at 4.4318 RON/EUR. The interbank market reacted to…more »

non-government loans

Romanian banking system posts EUR 810 mln loss over 11 months, says central bank

Banking January 30, 2015 14:14 0 comments

Romanian banks posted a RON 3.6 billion (approximately EUR 810 million) loss over the first 11 months of last year by removing non-performing loans from balance sheets, according to data from Romania’s central bank. 'The…more »

isarescu inflation revision

Converting CHF loans to RON would generate EUR 1.3 bln loss, says central bank

Money January 30, 2015 13:40 0 comments

Converting Swiss franc (CHF) denominated loans into local currency loans using historical rates would generate a RON 5.7 billion (approximately EUR 1.3 billion) loss for banks with CHF loans on their balance sheets, said Romania’s…more »

Swiss franc continues appreciation, hits record RON 4.5152/CHF

Money January 22, 2015 14:15 0 comments

The Swiss franc (CHF) gained yet another 0.2 percent against the Romanian leu (RON) on Thursday, reaching the record level of RON 4.5152/CHF, according to the official exchange rate announced by Romania’s central bank. The…more »

Swiss franc hits new high against the RON

Money January 19, 2015 17:20 0 comments

The Swiss franc (CHF) gained another 1.1 percent against the Romanian leu (RON) on Monday, reaching RON 4.4716/CHF, according to the official exchange rate announced by Romania’s central bank. This is a new all-time record…more »

Swiss franc soars with dramatic effects for Romania’s banks

Banking January 15, 2015 17:12 0 comments

The exchange rate for the Swiss franc soared as much as 30 percent around the European Union in hectic trade after the Swiss central bank abandoned the cap on the currency's value against the euro.…more »

Garanti improves 2014 GDP estimate from 2.6 to 2.9 pct

News July 22, 2014 11:41 0 comments

Garanti Bank revised its economic prognosis for 2014 by 0.3 percent, from 2.6 to 3.9 percent, based on macro stabilisation and better-than-expected results for Q1. The exchange rate forecast also inched up from 4.55 RON/EUR…more »