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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Dividend payout to weaken RO banks’ robust solvency by only 2pp

The biggest Romanian bank Banca Transilvania approved the disbursement of RON 500 mln in cash dividends, while the second-biggest lender BCR plans to distribute RON 872 mln in dividends.

After the macroprudential oversight body (NCMO), summoned on October 14, recommended the National Bank of Romania (BNR) to allow banks to distribute dividends, a significant flow of cash is expected to take place in the direction of the foreign owners of the Romanian banks in Austria, France, Italy, the Netherlands and Greece.

Romanian banks have sent dividends of about EUR 2 bln (RON 10 bln) to shareholders over the past seven years, according to BNR quoted by Ziarul Financiar daily.

The solvency of the Romanian banking system may decrease by about 2 pp following the resumption of dividend distribution, according to BNR estimates.

However, at the end of June, the solvency ratio of the national banking system was nearly 24% - three times the regulatory threshold.

(Photo: Adrian825/ Dreamstime)

iulian@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Dividend payout to weaken RO banks’ robust solvency by only 2pp

The biggest Romanian bank Banca Transilvania approved the disbursement of RON 500 mln in cash dividends, while the second-biggest lender BCR plans to distribute RON 872 mln in dividends.

After the macroprudential oversight body (NCMO), summoned on October 14, recommended the National Bank of Romania (BNR) to allow banks to distribute dividends, a significant flow of cash is expected to take place in the direction of the foreign owners of the Romanian banks in Austria, France, Italy, the Netherlands and Greece.

Romanian banks have sent dividends of about EUR 2 bln (RON 10 bln) to shareholders over the past seven years, according to BNR quoted by Ziarul Financiar daily.

The solvency of the Romanian banking system may decrease by about 2 pp following the resumption of dividend distribution, according to BNR estimates.

However, at the end of June, the solvency ratio of the national banking system was nearly 24% - three times the regulatory threshold.

(Photo: Adrian825/ Dreamstime)

iulian@romania-insider.com

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