PKO Bank Polski, Poland’s largest bank by assets, is set to begin its operations in Romania from early next year. The Polish banking giant’s entry into the Romanian market is driven by the record profitability rates of banks in Romania. In Romania, PKO will exclusively work with corporate clients (SMEs and large companies). The bank will also facilitate financial operations for Polish companies and other international clients looking to start or already operating in the country. PKO Bank Polski has confirmed to wall-street.ro that it will kick off operational activities at its Romanian branch in early 2024. The bank’s attraction to the Romanian market is fueled by the fact that financial institutions in Romania have the highest return on equity (ROE) within the European Union. Compared to Polish banks, Romanian players exhibit double the ROE. “The Romanian banking sector is predominantly owned by European foreign capital banking groups, with almost 70% of the market. The profitability in the Romanian banking market is also high, as demonstrated by the ROE. Romania has consistently ranked among the top countries in the European Union in this regard,” stated representatives from PKO Bank Polski. PKO Bank Polski will not serve individual customers, but aims to assist Polish companies Polish companies have a significant presence in Romania, with over 1,200 firms operating in the market. Representatives from PKO Bank Polski have expressed their desire to act as a bridge between the Romanian market and Polish companies seeking to enter Romania. “We have been monitoring the Romanian market for some time now. Romania’s economy is growing rapidly. Many Polish companies are already investing in the Romanian market, and for some, Romania has become a second home market. The Romanian branch will focus on providing banking services to companies. Currently, the bank has no plans to enter the retail banking sector in the Romanian market. Our main goal is to be the top choice for leading Polish firms and SMEs. Of the top 10 banks in Romania based on asset levels, eight have no presence in the Polish market. This presents an opportunity for PKO Bank to bridge the economies of both countries,” emphasized representatives from PKO Bank. PKO Bank Polski expressed its interest in entering the Romanian market in late 2021, as per the Registry of Credit Institutions published by the National Bank of Romania (BNR). Representatives of the Polish bank noted that the banking regulatory requirements in Poland differ from those imposed by the BNR.
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 […]
