Banks-Insurance
Garanti BBVA Extends Lease Contract For Its HQ In YUNITY Park For Five More Years
Garanti BBVA has decided to extend its lease contract for five more years, maintaining the 7,200-square meter office space for its headquarters in the YUNITY Park, a project developed by Gen...
Finance Ministry Raises RON600M From Banks Selling Treasury Bills On October 9
Romania's Finance Ministry raised RON600 million from banks on Monday (October 9), selling treasury bills maturing in 2031, at an annual average yield of 7.18%.
Omniasig Reports Gross Written Premiums Of Over RON1.1B For H1/2023
Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), reported gross written premiums of over RON1.1 billion in the first half of 2023, higher by 5% from the same perio...
Poland’s Largest Bank PKO Wants to Enter Romania in Early 2024
PKO Bank Polski, Poland’s largest state-owned bank, with assets accounting for almost 70% of the Romanian banking system, has announced it is set to start operations in Romania in early 2024...
Insurer Rankings In H1/2023: Groupama Keeps Top Spot, With Roughly RON2B Gross Written Premiums
Insurance company Groupama Asigurari remains the leader of Romania's overall insurance market, with a yet significant surge in gross written premiums, of 27.8%, in the first half of 2023, up...
Regulator: Romanian Insurance Market Sees 4% Growth YoY To RON9.1B In H1/2023
The Romanian insurance market reached a volume of gross written premiums of RON9.1 billion in the first half of 2023, an increase of almost 4% compared with the same period of 2022, the coun...
Finance Ministry Raises RON767M From Banks Selling Treasury Bills On October 5
Romania's Finance Ministry raised RON766.3 million from banks on Thursday (October 5), above the planned level of RON600 million, selling treasury bills maturing in October 2028, at an annua...
Romanian Central Bank Further Keeps Key Rate Unchanged At 7% a Year
Romania's central bank has decided at its board meeting on Wednesday (October 5, 2023) to keep its benchmark interest rate on hold at 7% a year.
Three-Month ROBOR Stagnates At 6.40% A Year
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, continued to stagnate at 6.40%...