Banks-Insurance
TBI Bank Reports EUR95M Revenue For H1/2023, Up 28% YoY
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported revenue of EUR95 million for the first half of 2023, up 28% on the year, and a net profit of EUR18.4 m...
Romania's Financial Sector Attracted Net FDI Flow Of Just EUR1.6B In 2022, Half The 2021 Level
The net flow of foreign direct investment (FDI) in the financial intermediation and insurance sector saw a 47.4% decline due mostly to removing restrictions on dividend payouts, which was im...
Insurance Companies In Romania Reached Total Assets Of RON26.3B, Debts Of RON19.4B YoY In Q1/2023
Total assets of insurance companies in Romania stood at RON26.3 billion at the end of the first quarter of 2023, up 2.5% on the year, while debts stagnated at RON19.4 billion, up just 0.1% o...
Metropolitan Life Pensii Private Buys RON15M Worth Of Banca Transilvania Shares In August
Private pension fund Metropolitan Life Pensii Private, with assets worth RON16.2 billion invested on behalf of 1.1 million Romanians, made five acquisitions at the Bucharest Stock Exchange i...
Consumer Loan Reference Index IRCC Stays Below 6% By End-2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, stays below 6% until the end of 2023, at 5.96%, as announced by the cou...
Finance Ministry Raises RON348M From Banks Selling Treasury Bills On October 2
Romania's Finance Ministry raised RON348 million from banks on Monday (October 2), below the targeted level of RON500 million, selling treasury bills maturing in October 2026, at an annual a...
Romania Forex Reserves Surge To EUR59.23B On Month In September 2023
Romania's foreign exchange reserves stood at EUR59.23 billion in September 2023, higher by EUR5.3 billion versus August 2023, after Romania had received a tranche of the National Recovery an...
Banca Transilvania Gets Shareholder Vote To Distribute RON900M Dividends
Romania’s largest lender Banca Transilvania (TLV.RO) has secured shareholders’ vote to distribute RON900 million as dividends from the profit reserves of 2022 and of the previous year, as sh...
CEC Bank Climbs To 4th Place Among Lenders in Romania
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 4th place in the ranking of the largest banks in Romania by assets at the end of the first half of 202...