ING Bank Romania achieved a net profit of 347 million RON in the first quarter of 2024, up 1% compared to the same period of last year, the bank informed in a release on Monday.In the first three months, the bank reported revenues of 877 million RON and total assets of 71.4 billion RON, an increase of 11.3% and 14.1%, respectively, compared to the same period in 2023.The costs of risk provisions remained at a low level, of approximately 58 million RON, but higher than in Q1 2023.At the same time, ING Bank Romania offered new loans to support the transition towards a more sustainable environment, offering loans with eco discounts for individuals worth 32 million euros, representing approximately 50% of the total amount granted in 2023 (67 million euros).Loans with sustainability components granted to companies reached 4.5 million euros for small companies, respectively 670 million euros in syndicated and bilateral loans for large companies.Regarding mutual funds with a sustainable component (art. 9 according to the SFDR), 29 million euros were invested by individual clients in the first quarter.ING Bank Romania is part of the ING Group, a global international financial institution, which offers banking services to over 38 million individual clients, companies or institutions from over 40 countries. Founded in 1994, ING Bank Romania is currently a universal bank, offering products and services to all categories of clients - large and small companies, financial institutions, small entrepreneurs and individuals. ING Bank Romania is the only bank with organic growth in the top 10 local banks by assets, without acquisitions of client portfolios or other banks. It is a universal bank with over 1.8 million clients from three business segments: individuals (retail), SME & Mid-Corporate companies and Wholesale Banking.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
