Banks-Insurance
Romanian Central Bank's Financial Stability Report Shows Intensified Global Economic And Geopolitical Uncertainties
Romania's central bank has published the Financial Stability Report, the December 2023 edition, which shows that the main systemic risks to financial stability have remained the same since t...
Alro Slatina Extends By Another Three Years A USD150M Revolving Syndicated Credit Facility
Exim Banca Romaneasca has coordinated the extension until 2026 of the working capital credit facility amounting at USD150 million for ALRO (ALR.RO), one of the largest aluminium producers in...
Fitch Affirms Garanti BBVA Romania Rating At BB-, With Stable Outlook
International Rating Agency Fitch Ratings has affirmed Garanti BBVA Romania’s (GBR) Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook and its Viability Rating (VR) at ‘bb-‘.
Patria Bank Announces The End Of Burak Yildiran's Term As General Manager By Mutual Consent
Patria Bank (PBK.RO) has informed investors in a stock market report on Dec 12 that the mandate of Suleyman Burak Yildiran as General Manager would end, by mutual consent, starting with the...
Filip & Company Assists Banca Transilvania In Launch Of EUR1.5B Bond Program
Filip & Company assisted Banca Transilvania with the launch of a bond program totaling EUR1.5 billion and with the first sustainable bond issue under this program, through which Banca Transi...
Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On December 11
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (December 11), selling government paper in two auctions, at annual average yields of 6.72% and 6.68%, respectively.
Banca Comerciala Romana Launches New Senior Non-Preferred Bonds Issue, In The Amount Of RON1B
Banca Comerciala Romana (BCR) is successfully launching a new issue of non-preferred bonds, worth RON1 billion.
Giovanni Luca Soma Leaves Position Of BRD-SocGen’s Chairman Of Board Of Directors
Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from this position and from the Board of Directo...
IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclus...