Banks-Insurance
CEC Bank Raises EUR162.6M Via Bond Issue
CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior non-preferred MREL Eligible Notes issue from February...
Idea Bank Changes Name To Salt Bank, Becomes First 100% Digital Bank Made In Romania
Idea Bank, which Banca Transilvania acquired two years ago, will change its name to Salt Bank and will become the first 100% digital bank made in Romania.
Patria Bank Posts RON15M Net Profit And RON141M Net Banking Income In Jan-Sep 2023
Lender Patria Bank (PBK.RO), held by Emerging Europe Accession Fund (EEAF), ended the first nine months of 2023 with RON15 million net profit, the same as in the year-ago period (RON14.9), i...
Millenium Insurance Broker Reaches RON42M Turnover, RON2.3M Net Profit in Jan-Sept 2023
Insurance broker Millenium Insurance, majority owned by mobility network Autonom Services, reported RON42 million turnover in the first nine months of 2023, up 13% from the year-earlier peri...
Finance Ministry Raises RON758M From Banks On November 13
Romania's Finance Ministry raised RON757.6 million from banks on Monday (November 13), above the planned level of RON500 million, selling bonds due in October 2026, at an annual average yiel...
OTP Bank Romania Reaches RON236M Consolidated Net Profit in Jan-Sept 2023
OTP Bank Romania in the first nine months of 2023 posted RON236 million consolidated net profit.
Banca Transilvania Posts RON2.3B Net Profit In Jan-Sep
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, posted RON2.3 billion net consolidated profit in the first nine months of 2023, up from the RON1.68 billion in the year-...
First Loan Via InvestEU In Romania Goes To Antibiotice Iasi For New Plant
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) has signed a EUR25 million loan agreement with the European Investment Bank (EIB), which will help finance the construction of new produ...
Finance Ministry Raises RON825M From Banks On November 9
Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual...