Banks-Insurance
Garanti BBVA Romania Gets EUR10M Subordinated Loan from BSTDB To Expand its Loan Portfolio in Romania
Garanti BBVA Romania has obtained a EUR10 million subordinated loan from The Black Sea Trade and Development Bank (BSTDB), with the funds set to be used inclusively to expand its local loan...
Uniqa Asigurari and Uniqa Asigurari de Viata End Q1/2024 with over EUR35M Gross Underwritten Premiums, up 14.5% from Q1/2023
Uniqa Asigurari and Uniqa Asigurari de Viata, companies operating in Romania under the umbrella of Austrian group Uniqa, ended the first three months of 2024 with an overall EUR35.3 million...
ING Romania Ends Q1 With 11% Higher Revenue, Flat Profit
ING Bank Romania posted total revenue of RON877 million in the first quarter, up 11.2%, and net profit of RON347 million, 1% higher than in the year-ago period, the bank said on Monday.
Romania Private Lending Up 5.8% YoY To RON391B In April
Private lending in Romania went up 5.8% to RON391 billion in April 2024 compared with April 2023, central bank data showed on Monday (May 27, 2024).
Banca Transilvania’s 2024 Budget Does Not Include OTP Acquisition
The numbers in the 2024 budget of Banca Transilvania, the largest lender in Romania, a 20% higher profit of RON3 billion, 10% higher assets of RON179 billion and RON9.2 billion interest inco...
Intesa Sanpaolo Generates EUR5M Net Gain in Romania in Q1/2024, More than Double the Q1/2023 Level
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in Q1/2024 registered EUR5 million net profit, 2.5 times bigger than the gain of the same period...
Allianz-Tiriac Ends 2023 with RON3.5B Underwritings, Up 21% YOY
Allianz-Tiriac, the second largest insurer in Romania, ended 2023 with RON3.5 billion underwritings, up 21%, and RON346 million, 44% higher than in 2022.
CEC Bank CEO Bogdan Neacsu Gets New Term At The Helm Of Romanian Association Of Banks
Bogdan Neacsu, the chief executive officer of CEC Bank, the third largest lender in Romania by assets, has got his second term as chairman of the Romanian Association of Banks (ARB), after h...
Golden Food Snacks Borrows RON2.8M From CEC Bank
Golden Food Snacks, the producer of the ELMAS seeds, has borrowed RON2.8 million from Romanian state-run lender CEC Bank, as per a stock market report.