The international rating agency Fitch Ratings has revised upwards the Long-Term Debt Rating (IDR) of Garanti BBVA Romania (GBR) to ‘BB’ from ‘BB-‘ with Stable Outlook, this improvement representing the significant recognition of the solid financial position of the bank and its capacity to operate efficiently in the economic landscape of Romania.According to a press release of the bank, sent on Monday, Fitch improved the Viability Rating (VR) of GBR to ‘bb’ from ‘bb-‘ and the Shareholder Support Rating (SSR) to ‘bb-‘ from ‘b-‘. ‘The rating agency says that the IDR ratings of Garanti BBVA Romania (GBR) are supported by the bank’s capacity to operate in a Romanian improved economic environment, as it is reflected in the updating of the Viability Rating (VR)’ says the bank in the press release.Simultaneously, VR shows the solid capital indicators of the bank, historically high asset quality, adequate liquidity and a stable funding profile supported by a granular deposit base.‘This upward review of the ratings by Fitch reflects the solidity of our operational framework and commitment to sustainable growth on the local market. At Garanti BBVA Romania, we continue to prioritize the provision of innovative financial services and support the aspirations of our customers and local communities, proudly that the new ratings granted by Fitch are an important recognition of our well-founded strategy and the dedicated work of our team’ said Mustafa Tiftikcioglu, the general manager of Garanti BBVA Romania, quoted in the press release.The Garanti BBVA bank is part of the Garanti BBVA Romania group, together with Garanti BBVA Leasing and Garanti BBVA Credite de Consum, which complete the bank’s offer with specific leasing products, fleet management services, as well as consumer loans. In 2023, the bank celebrated 25 years of active presence in the Romanian banking system. Garanti BBVA Romania is owned by Garanti BBVA, the second private bank of Turkey in terms of assets, with the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) as the majority shareholder.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
