Banks-Insurance
Three-Month ROBOR Stays At 6.05%/Year; Consumer Loan Reference Index IRCC Falls To 5.9%/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 started the April 8-12 week...
Finance Ministry Raises RON1.5B From Banks On April 8
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (April 8, 2024), selling discount treasury bills (T-bills) due in March 2025, at an annual average yield of 6.02%.
Libra Internet Bank Rakes in Record High RON317M Net Profit in 2023, Up 33% YOY
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion.
BRD And IFC Team Up To Increase Financing Of Impactful Sustainability-Related Projects In Romania
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost...
Finance Ministry Raises Nearly RON1.29B From Banks Via Two Bond Issues On April 1
Romania's Finance Ministry raised RON1.29 billion from banks on Thursday (April 4), selling government paper in two auctions, at annual average yields of 6.04% and 6.64%, respectively.
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year For 10th Consecutive Time
Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's tenth consecutive rate freeze.
Salt Bank, First Romanian 100% Digital Bank, Launches Operations
Salt Bank, the first Romanian wholly digital bank, a newly created entity in the wake of Idea Bank acquisition by Banca Transilvania, has launched its operations.
Allianz Tiriac Pensii Private Buys RON20M Worth Of Banca Transilvania Shares, RON5M Worth Of BRD Shares In Feb 2024
Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February 2024 increased its holdings in Banca Transilva...
Competition Council Assesses Takeover Of OTP Group In Romania By Banca Transilvania
Competition Council is assessing the transaction whereby Banca Transilvania intends to acquire the entities in Romania of Hungary's OTP Group, respectively, OTP Bank Romania, OTP Leasing Rom...