Banks-Insurance
Groupama Remains Leader Of Insurance Market In 2023
Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to more than RON4 billion.
Romania Insurance Market Up 10% To RON18.2B Gross Written Premiums In 2023
Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance premiums accounted for RON15.2 billion and life i...
Mihaela Cristina Mitroi Gets Central Bank Approval For Raiffeisen Bank’s Supervisory Board Membership
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the Raiffeisen shareholders for the new Supervisor...
Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On April 1
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (April 1), selling government paper in two auctions, at annual average yields of 6.01% and 6.37%, respectively.
Romania Forex Reserves Grow To EUR64.2B In March 2024
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February 29, 2024, central bank data showed on Monday...
BCR Contributes EUR84M To EUR435M Syndicated Loan Ford Otosan Romania Took Out
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, o...
Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the Euromoney Global Private Banking Awards, th...
CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation...
Romania Private Lending Up 4.9% YoY To RON383B In February 2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March 26, 2024).