Banks-Insurance
Finance Ministry Raises RON4B From Banks Via Two Bond Issues On May 23
Romania's Finance Ministry raised RON4 billion from banks on Thursday (May 23), selling government paper in two auctions, at annual average yields of 6.03% and 6.55%, respectively.
Romania’s Banking System Boasts Record High Profit of over RON3.7B in Q1/2024, Up 10% from Q1/2023
Profit at the level of the Romanian banking system at the end of Q12024 hit a new record high, of over RON3.7 billion, up around 10% from the gain reported for Q1/2023.
Black Sea Trade and Development Bank Increases Share Capital By 35% To Over EUR3B
The Board of Governors of the Black Sea Trade and Development Bank (BSTDB) has completed the subscription process for the Bank’s second capital increase during a special meeting held in Anka...
BRK Financial Group Signs Extension Of Loan Facility From CEC Bank
BRK Financial Group (BRK.RO), the only stockbroker listed on the Bucharest Stock Exchange, on Wednesday announced the signing of an additional act to extend the facility agreement with CEC B...
CFA Analysts Project 1.9% GDP Growth, 5.7% Budgetary Gap in 2024. Inflation Forecast to Average 5.73%, Leu to Reach 5.0179 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rat...
Intesa Sanpaolo Bank Romania Lends Bucharest City Hall RON150M To Acquire 100 Electric Trolleybuses
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the contracting a RON150 million loan to be used for th...
Garanti BBVA Romania To Contribute EUR48M To Syndicated Loan Of EUR435M Contracted By Ford Otosan Romania
Garanti BBVA Romania will contribute EUR48 million to the syndicated loan of EUR435 million contracted by Ford Otosan Romania.
Romania Taps International Markets With 8 And 13-Year Eurobond Issues
Romania's finance ministry on Tuesday (May 21) taps external markets for the third time in 2024, selling euro-denominated bonds with 8 and 13-year maturities.
BRD Finance To Cease Operations In Romania After 20 Years
BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the proce...