Banks-Insurance
Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On January 8
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (January 8), selling government paper in two auctions, at annual average yields of 6.5% and 6.03%, respectively.
Romania's Competition Council Looks Into First Bank Acquisition By Intesa Sanpaolo
Romania's Competition Council said it was analyzing the transaction through which Intesa Sanpaolo intends to acquire First Bank Romania from US-held private investment firm J.C. Flowers, as...
Finance Ministry Raises RON757M From Banks On January 4, 2024
Romania's Finance Ministry raised RON757 million from banks on Thursday (January 4, 2024) selling bonds with a nominal value of RON600 million due in May 2027, at an annual average yield of...
Alpha Bank Partners Up With EIF For Implementation Of Financial Instruments Such As Portfolio Guarantees
Alpha Bank Romania signed in December 2023 a partnership with the European Investment Fund (EIF) for the implementation of financial instruments such as portfolio guarantees.
Three-Month ROBOR Starts 2024 Slightly Lower, At 6.21%
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 2024 at 6.21%, slig...
Romania Forex Reserves Grow To EUR59.7B On December 31, 2023
Romania's foreign exchange reserves stood at EUR59.7 billion on December 31, 2023, up 1.48% from EUR58.8 billion on November 30, 2023 and up 28.1% from EUR46.6 billion on December 31, 2022,...
Romania Ends 2023 With RON4.974/EUR Exchange Rate
The exchange rate posted by Romania’s central bank ends 2023 at RON4.974/EUR, a level almost similar to that at the end of last year, RON4.947/EUR.
Real Estate Developer Imotrust Arad Takes Out Two Loans From Banca Transilvania
Real estate developer Imotrust Arad announced on Friday that it had taken out two loans from Banca Transilvania, one worth EUR8.47 million and the other RON4 million.
Three-Month ROBOR Ends 2023 at 6.22%, 17% Below Early Year Level
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, as well as for RON-denominated...