Banks-Insurance
Finance Ministry Raises RON441M From Banks On February 29, 2024
Romania's Finance Ministry raised RON441.3 million from banks on Thursday (February 29, 2024), selling benchmark bonds with a scheduled value of RON500 million due in February 2029, at an an...
BCR Rakes In RON2.32B Net Profit in 2023, Up 33% YOY
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON2.32 billion (EUR469 million) in 2023, up 33% from 2022, driven by improved operatin...
CFA Financial Analysts Project 5.57% Inflation, See Leu at 5.0416 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0416 units/euro in the next 12 months, while the expected rate of...
Banca Transilvania Reports RON2.41B Net Profit for 2023, Up 16%
Banca Transilvania, Romania’s largest lending institution, reported net profit worth RON3 billion at group level, up 20% from 2022, with the bank’s net result, of RON2.5 billion, being 14% h...
Revolut Enters Bank Deposit Market In Romania; Launches Its First Savings Product With Interest In Romania
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million customers in Romania.
Finance Ministry Raises RON580M From Banks On February 26, 2024
Romania's Finance Ministry raised RON580 million from banks on Monday (February 26, 2024) selling bonds with a nominal value of RON400 million due in 2034, at an annual average yield of 6.53...
tbi bank Appoints Alex Garmash As Merchant Ecosystem Leader
tbi bank, a mobile-first challenger bank in South East Europe, has appointed Alex Garmash to the position of Merchant Ecosystem Leader.
Romania's Central Bank Anticipates More Pronounced Acceleration Of Country's Economic Growth In 2024 And 2025
Romania's central bank predicts a more pronounced acceleration of the country's economic growth in 2024 and 2025 than in previous forecasts, amid a slowdown in inflation and the recovery of...
Romania Private Lending Up By 5.7% YoY To RON384.7B In January 2024
Private lending in Romania went up 5.7% to RON384.7 billion in January 2024 compared with January 2023, central bank data showed on Friday (February 23, 2024).