Banks-Insurance
Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a loan from Citibank to develop operations i...
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's fourth consecutive rate freeze in 2024...
Garanti BBVA Romania 2023 Net Profit Down 7%, To RON177M
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating revenues.
APS and EBRD Buy EUR400M Worth of NPLs in Romania from Piraeus Bank
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning...
Banca Transilvania Ends Q1 With 35% Rise In Net Profit To RON913M
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35% compared with the year-ago period, the bank said...
OTP Bank Romania Ends Q1 With RON219M Total Income
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by 88% to RON2 million, as per the report pub...
CEC Bank Finances Over 3,000 Investment Projects From EU Funds, Worth A Total Of RON9.4B, In Last 17 Years
Romanian state-run lender CEC Bank has financed more than 3,000 investment projects from European funds, in the last 17 years, according to Ramona Ivan, Director of Relations with National a...
Groupama Reports Gross Written Premiums Of Over RON4B In 2023, Up 37% YoY
Groupama Asigurari, the leader of the entire insurance market and the largest on the third-party liability insurance RCA market, ended 2023 with gross underwritten premiums of over RON4 bill...
Diana Mihai To Take Over As Head of Marketing, Communication And Brand Experience Of ING Bank Romania
Diana Mihai will take over the role of Head of Marketing, Communication and Brand Experience of ING Bank Romania, starting June 17, 2024, in line with data from the bank's representatives.