Banks-Insurance
Central Bank: Romania Banking System Boasts Record High Profit Of Nearly RON14B In 2023, Up 34% vs 2022
Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the country's central bank.
EIB And Deutsche Leasing Romania Team Up To Finance Romanian Businesses And Farmers
The European Investment Bank Group (EIB Group) is expanding its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche Leasing Group, by signing a synthetic securitiza...
Banca Transilvania Officially Announces Acquisition Of OTP Bank Romania
Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the leasing and asset management companies within OT...
Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On February 8
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), selling government paper in two auctions, at annual average yields of 6.03% and 6.45%, respectively.
BRD Wants to Distribute Dividends with 7.7% Yield
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the for...
BRD 2023 Profit Up 27% YOY amid 13% Higher Revenues
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%.
factory by Raiffeisen Bank Program Funded Over 430 Businesses, Total Financing Value Nears EUR24M
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses, with the total financing value nearing EUR2...
UNSAR: Insurance Companies' Home Insurance Claim Settlements Topped RON119M In Jan-Sept 2023
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared to insurance claim settlements of RON74.1 mi...
European Investment Bank Approves Financing For Romania’s Railway Upgrades
The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport, corporate research and development, and business...