Banks-Insurance
Finance Ministry Raises RON1.5B From Banks On November 2
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum...
ARB: Banks Granted Over RON410B New Loans Between Jan 2020 And Aug 2023 Or 29% of 2022 GDP
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Ro...
Romania Forex Reserves Down To EUR58.1B In October 2023
Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data showed on Wednesday (November 1).
Law Firm Clifford Chance Badea Assisted J.C. Flowers In First Bank Sale
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of First Bank to the Italian group Intesa, a transa...
Three-Month ROBOR Ends October At 6.35%
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, dropped to 6.35% on Tuesday, Oc...
Finance Ministry Raises RON303M From Banks On October 30
Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in April 2036 in an auction, at an average yield o...
First Bank Announces Sale To Italy’s Intesa Group
US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania.
CEC Bank And Tarom Sign Partnership For Settlement Of International Ticket Purchases by Card
CEC Bank and Tarom have signed a partnership agreement that will provide payment acceptance services for bank cards issued under the Visa and Mastercard logos, by taking over the settlement...
BCR Reports RON1.69B Net Profit in Jan-Sept, Up 10.3% YOY
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2023 posted net profit worth RON1.69 billion (EUR343.8 million), up 10.3% from the same...