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BANCI

National Bank of Romania decisions on monetary policy

In its meeting of 5 April 2017, the Board of the National Bank of Romania decided the following: - to keep unchanged the monetary policy rate at 1.75 percent per annum; - to pursue adequate liquidity management in the banking system; and - to maintain the existing levels detalii

BANCI

BBVA raises stake in Garanti to 49.85%

BBVA has agreed to acquire 9.95% of Turkiye Garanti Bankasi from Dogus Group for approximately a total of 3.32 billion Turkish lira (€859 million)¹, increasing its stake in Turkey’s largest bank by market capitalization to 49.85%. The acquisition of the additional stake would detalii

BANCI

Garanti Bank rating outlook revised to stable from negative

Fitch Ratings has revised Romania-based Garanti Bank S.A.'s (GBR) Outlook to Stable from Negative, and affirmed the Long and Short-Term Issuer Default Ratings (IDRs) at 'BBB-'/'F3' and Support Rating at '2'. GBR's Viability Rating of 'b+' is not affected by this rating action. Fitch has detalii

BANCI

Unicredit to post a record loss of Euro 11.8 billion

Unicredit Group financial results are impacted by a number of negative non-recurring items of which approximately Euro 12.2 billion were disclosed at UniCredit's Capital Markets Day, on December 13th, 2016, in the context of the presentation of the 2016-2019 Strategic Plan ("Transform 2019"), detalii

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