Corporate Lending Up to RON3.9B in October, 14-Year Monthly Peak
12.16.2020
Banks in Romania granted 3.9 billion lei in new leu loans to companies in October, an increase of RON1.3 billion or 50.5% on the year-ago month. Corporate lending reached the highest level of the year in October as well as the highest monthly level in 14 years.
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Romania Raises RON500M Selling Nov 2024 Bonds At 3.34% Average Yield 09.09.2021
Romania's finance ministry on Thursday raised 500 million lei (EUR101 million), higher by RON200 million than its target, selling bonds maturing in... more
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I3CP Still Wants to Buy City Insurance 09.09.2021
Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s... more
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Banca Transilvania Shareholders Approve Distribution of RON500M Dividends 09.08.2021
The shareholders of Banca Transilvania (TLV.RO), the largest lender in Romania, on Wednesday approved distribution of dividends using RON425.75... more
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First Bank Posts 2.5-Fold Jump In 1H Net Profit To RON54M 09.08.2021
Lender First Bank (the former Piraeus Bank), held by US investment fund J.C. Flowers, on Wednesday reported a net profit of RON54 million for the... more
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Banca Transilvania Concludes Market Maker Agreement With Raiffeisen Centrobank 09.07.2021
Lender Banca Transilvania (TLV.RO) said in a stock market report Tuesday that it entered into an agreement with Raiffeisen Centrobank AG for the... more
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Three-Month Money Market Rate Tops 1.6% A Year 09.07.2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.61%... more
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New Consumer Loans in Lei Hit 14-Year Peak in July 09.07.2021
Romanian consumers took out more than RON2.87 billion new consumer loans in July 2021, the highest monthly volume in 14 years and 37.3% higher on... more
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Euroins Romania Underwritings Grow 7% YoY To Over RON720M In 1H/2021 09.06.2021
Euroins Romania, part of Bulgaria’s Eurohold group, reported 7% higher underwritten premiums in the first half of 2021, up to over RON720 million... more
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Roxana Maria Hidan To Run New Business Division Of OTP Bank Romania 09.03.2021
Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which... more
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Number Of Romanians With More Than EUR100,000 In Banks Tops 50,000 1H/2021 09.03.2021
A total 50,046 private individuals in Romania had more than EUR100,000 in bank deposits at the end of the first half of 2021, with a combined value... more
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Romania Raises RON400M Selling June 2026 Bonds At 3.51% Average Yield 09.02.2021
Romania's finance ministry on Thursday raised 400 million lei (EUR80.9 million), selling bonds maturing in June 2026 at an average yield of 3.51%,... more
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Ranking Of Most Profitable Large Banks in Romania in 1H/2021: Top Three Banks Post RON2.2B Combined Profit 09.02.2021
All large banks in Romania reported higher profits for 1H/2020 against the same period in 2020 amid weakening pandemic fallout and declining risk... more
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Allianz-Tiriac Asigurari Recruits Daniela Covacescu For Position Of Chief Operating Officer 09.01.2021
Daniela Covacescu, with over 20 years of experience in the field of financial-banking and insurance, was recruited by Allianz-Ţiriac Asigurari for... more
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Romania Continues Population Bond Issues In September 2021 08.31.2021
Romania's finance ministry will be launching three new bond issues for the general population on September 1, 2021, which can be subscribed until... more
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SIF Banat-Crisana Exits Shareholding Structure Of BT Asset Management After 16 Years 08.31.2021
Regional investment fund SIF Banat-Crisana (SIF1.RO) sold its 10% ownership stake in BT Asset Management (BT AM) to lender Banca Transilvania, in... more
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Omniasig Reached RON730M in Gross Underwritten Premiums in 1H/2021, Over 10% Higher Vs 1H/2020 08.31.2021
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first half of 2021 with a volume of gross... more
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Reff & Asociatii Assists Speedwell In Refinancing EUR12M Loan Granted By BRD For Record Park Offices Project 08.30.2021
Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to Belgian-held real estate developer... more
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ING Bank Romania Posts 6% Growth In Total Revenue In 1H/2021, To RON1.1B 08.30.2021
Lender ING Bank Romania on Monday said its total revenue grew 6% on the year, to RON1.1 billion, in the first half of 2021, while its gross profit... more
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Chimcomplex Holders Approve Contracting Of EUR60M Loan From CEC Bank, EUR30M Loan From Alpha Bank 08.27.2021
Shareholders of Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, have approved the contracting of a... more
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Alpha Bank Romania Pre-Tax Profit Surges To EUR10.6M In 1H/2021 08.27.2021
Greek-owned Alpha Bank Romania, one of the top ten lenders in Romania, reported a pre-tax profit of EUR10.6 million for the first half of 2021,... more
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809
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Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of
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Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if
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Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric
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Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park
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Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into
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The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future
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The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared
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Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates
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One in Ten Tourism Employees Exited Sector in 2020
One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data.
