Banks-Insurance
Garanti BBVA Romania Reports RON319M Revenues, Up 30% in H1/2024. Net Profit Tops RON78M
Garanti BBVA, a bank part of Garanti BBVA Romania group, ended the first half of 2024 with net revenues worth RON319.6 million, up 30.6% from the year-earlier period, while net profit oversh...
Alpha Bank Romania's Net Profit Flat At EUR23M YoY In H1/2024
Alpha Bank Romania, ranked among Romania's top ten largest banks by assets, ended the first half of 2024 with net profit of EUR23 million, similar to the level reported in the same period of...
Albota Law Firm Assists Nor Real Estate In Contracting EUR21M Loan From OTP Bank For Office Project In Bucharest
Albota Law Firm has assisted Nor Real Estate, a real estate developer part of Atenor Group, with signing a loan contract worth EUR21 million and the related guarantee package with OTP Bank R...
BCR Group H1/2024 Net Profit Up 18.3% To RON1.31B
BCR Group, which includes the second largest bank on the local market, in the first half of 2024 generated net profit worth RON1.31 billion (EUR264 million), up 18.3% from the H1/2023 gain a...
Ilinka Kajgana, Chief Risk Officer At BCR, Takes Over Similar Role At Erste Bank Austria Starting August 1
Banca Comerciala Romana (BCR) announces that, starting August 1, 2024, Ilinka Kajgana, Chief Risk Officer at BCR, will assume a new responsibility within Erste Group.
Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On August 1
Romania's Finance Ministry raised RON2.08 billion from banks on Thursday (August 1), selling government paper in two auctions, at annual average yields of 6.18% and 6.72%, respectively.
Romania Forex Reserves Narrow To EUR63.57B In July 2024
Romania's foreign exchange reserves decreased by EUR813 million over the course of July 2024, down to EUR63.57 billion at the end of the month, compared with EUR64.39 billion at the end of J...
Law Firm Filip & Company Assists Banca Transilvania In Closing The Acquisition Of OTP Bank Romania
The Filip & Company team has provided legal assistance to Banca Transilvania on closing its acquisition of OTP Bank Romania and OTP Leasing Romania.
Italy's Intesa Sanpaolo Group Ends H1/2024 With EUR4.8B Net Profit, Up 13% YoY
Italy's Intesa Sanpaolo Group, which has recently finalized the acquisition of First Bank (Romania), ended the first half of 2024 with net profit of EUR4.8 billion, up 13% year-over-year.