Banks-Insurance
BRD Sees Net Profit Down 5% To RON326M, New Loans Up In Q1
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million, while lending to individuals and companies...
Romania Forex Reserves Shrink To EUR62.5B In April 2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Th...
CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.
Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as...
Competition Council Assesses Takeover Of Debt Portfolio Of BRD Finance IFN By EOS Group
The Competition Council assessesthe transaction whereby the EOS Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take over a portfolio of performing and nonperformi...
Three-Month ROBOR Ends April At 6.05%/Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has continued to stagnate over...
BCR Group Q1/2024 Net Profit Up 10% To RON620M
BCR group in the first quarter of 2024 posted net profit worth RON620 million (EUR125 million), up 10.1% from the year-earlier period, amid improved operating performance supported by a risi...
NN Romania Pays Over EUR25M In Total Compensations To Health Insurance Clients
NN Romania and ING Bank Romania have assisted more than one million clients in benefitting from financial protection through the solutions developed under their strategic partnership started...
Finance Ministry Raises Nearly RON961M From Banks Via Two Bond Issues On April 29
Romania's Finance Ministry raised RON961 million from banks on Monday (April 29), selling government paper in two auctions, at annual average yields of 6.14% and 6.57%, respectively.