Banks-Insurance
Romania’s Insurance Market More Than Doubled In A Decade
Romania’s insurance market has grown a lot and more than doubled in the past decade, while its main segments have either performed the same or tripled or grown ten-fold, like the life insura...
Operating Leasing Market Ends 2023 With 12% Growth YoY
The operating leasing market in Romania grew by 12% to 89,500 units under management in 2023, of which more than 90% are full service, according to the estimates of the Association of Operat...
tbi bank Signs Partnership Deal With Safety Broker Enabling Customers To Buy Insurance
tbi bank has signed a partnership agreement with Safety Broker, whereby customers can buy insurance, including auto liability insurance RCA, through the Buy Now, Pay Later (BNPL) solution, i...
Alpha Bank Romania Reports EUR16M Net Profit in Q1/2024, Up 45%
Alpha Bank Romania in the first quarter of 2024 registered EUR16 million net profit, up 45%, while the bank’s assets reached EUR4.7 billion, 8% higher than in the previous year.
Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
Safety Broker Officially Becomes Part Of US-held Acrisure
Safety Broker, the largest insurance broker on the Romanian market, has received the approval of Romania's financial regulator ASF to officially become part of US-held broker Acrisure, in li...
Finance Ministry Raises Nearly RON1.3B From Banks Via Two Bond Issues On May 16
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average yields of 6.03% and 6.59%, respectively.
Patria Bank almost Triples Profit in Q1/2024, To RON8M
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates the new tax on turnover of 2% applicable t...
Raiffeisen Bank Romania To Go With Visa As Its Only Card Partner
Raiffeisen Bank has decided to go with Visa at its only card partner, which means the bank will be issuing new cards for those who already have Mastercard Raiffeisen Bank cards, its official...