Banks-Insurance
Law Firm CMS Assisted OTP Group in Sale of Romania Operations to Banca Transilvania
International law firm CMS assisted OTP group in completing the sale of Romania operations to Banca Transilvania, the largest lending institution in Romania by assets.
BRD Ends H1/2024 with RON675M Net Profit, Down 9.6% from H1/2023
BRD-Soc Gen, the fourth largest bank in Romania by assets, in the first half of 2024 generated net profit of RON675 million, down 9.6% from the same period of 2023.
Leanpay Raises EUR10M Funding
Slovenian startup Leanpay, which has been present in Romania with its Buy Now Pay Later (BNPL) digital lending solution since 2023, has raised a new series B round of funding worth EUR10 mil...
Banca Transilvania Finalizes Full Acquisition Of OTP Bank Romania
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, notified the Bucharest Stock Exchange of having signed the papers to complete the acquisition of OTP Bank Romania in its...
Bucharest Stock Exchange Unveils New BET-EF Index
Bucharest Stock Exchange (BVB) has launched a new index, Bucharest Exchange Trading Energy, Utilities and Financials (BET-EF), dedicated to the best represented sectors in the capital market...
Raiffeisen Bank Ends H1/2024 with RON820M Net Profit, Down 6.17% from H1/2023
Raiffeisen Bank Romania, the sixth largest bank by assets, ended the first half of 2024 with RON820 million net profit, down 6.17% from the year-earlier period.
One United Properties Increases Credit Facility For One Cotroceni Park Office By EUR20M
The management of real estate developer One Untied Properties (ONE.RO) on Monday notified the Bucharest Stock Exchange about the conclusion of an addendum for the increase of a credit facili...
Finance Ministry Raises RON713M From Banks On July 29
Romania's Finance Ministry raised RON713 million from banks on Monday (July 29), after reopening a discounted Treasury certificate issue due in June 2025, instead of the scheduled RON500 mil...
Boston Consulting Group: Romanians’ Financial Wealth Will Grow by 9% Per Year on Average in Next 5 Years from $300B in 2023
Romanians’ financial wealth will expand by 9% on average per annum in the next five years, 1% above the average projected for Eastern Europe and 3% above the global growth pace, reveals the...