Romania: Banca Transilvania, Raiffeisen in race for OTP’s Romanian subsidiary

September 18, 2023

Banca Transilvania, Raiffeisen in race for OTP’s Romanian subsidiary
Sep 18, 2023

Banca Transilvania, Raiffeisen in race for OTP’s Romanian subsidiary.

The sale of OTP Bank Romania - the submission of final offers, the selection of a winner - was deferred from September to October, with Banca Transilvania and Raiffeisen Bank still in the race after EximBank abandoned, sources familiar with the negotiations told Zarul Financiar. OTP (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

Romania Posts Budget Deficit Of RON42B, Or 2.65% Of GDP, YoY In January-August 2023 Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion (2.34% of GDP) reported in the same period of 2022, the finance ministry said on Friday (Sept 29).

Teilor Holding Posts RON194M Revenue, RON8.5M Net Profit In H1 Teilor Holding, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest Exchange, posted total consolidated revenue of RON193.9 million in the first half of 2023, up about 5% (...)

Santierul Naval Constanta Sees 68% Decline In Revenue To RON69M In H1 Santierul Naval Constanta (Constanta Shipyard – SNC.RO), which builds and repairs ships, posted RON68.6 million revenue in the first half of 2023, 67.9% below the RON213.6 million in the same time last year, the financial statement published on the Bucharest Stock Exchange shows.

Bestjobs Recrutare Posts RON20.7M Revenue, RON5.2M Profit In H1 BestJobs Recrutare, the company that manages the online recruitment platform of the same name (bestjobs.ro), and which has an outstanding bond issue on the Bucharest Stock Exchange, ended the first half of 2023 with RON20.8 million revenue, up 2.3%, while net profit fell to RON5.2 million from (...)

Grup Serban Holding Ends H1 With 5% Decline In Revenue, 10% Decline In Net Profit Grup Serban Holding (GSH.RO) posted RON262 million revenue in the first half of 2023, 5% lower than in the same period in 2022. Net profit fell 10% to RON6.1 million, according to the first half report to the Bucharest Stock Exchange on Friday.

Furniture Maker Elvila Losses Widen To RON5.5M In H1 Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, posted RON5.5 million net loss in the first six months of 2023, compared with a loss of RON3.3 million in the same period of 2022, while revenue shrank by 11.4% to RON10.1 million.

Banca Transilvania Gets Shareholder Vote To Distribute RON900M Dividends Romania’s largest lender Banca Transilvania (TLV.RO) has secured shareholders’ vote to distribute RON900 million as dividends from the profit reserves of 2022 and of the previous year, as shown by the decision of the General Meeting of Shareholders sent to the Bucharest Stock Exchange on Friday.