Banks-Insurance
ING Bank Ends H1/2023 With RON750M Net Profit, Up 29% YoY, RON1.63B Revenue, Up 15% YoY
ING Bank, the local subsidiary of Dutch ING Group, reported a net profit of RON750 million for the first half of 2023, up 29% on the year, and revenue of RON1.63 billion, up 15% compared to...
Finance Ministry Raises RON1.8B From Banks On September 25
Romania's Finance Ministry raised RON1.8 billion from banks on Monday (September 25), selling government paper in two auctions, at annual average yields of 6.49% and 6.90%.
CEO François Bloch Leaves BRD With 50% Higher Assets
French executive François Bloch, appointed to run BRD-SocGen in 2016, is leaving his position on September 26, 2023, to pursue other opportunities inside the Société Générale Group.
Finance Ministry Raises RON1.33B From Banks On September 21
Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (September 21), selling government paper in two auctions, at annual average yields of 6.83% and 6.87%.
CEC Bank Launches New Product For Romanian Agriculture Sector
Romanian state-run CEC Bank is launching a new product for the local agriculture sector, namely, the loan with instant approval intended for cereal farmers.
Finance Ministry Raises RON767M From Banks Selling Treasury Bills On Sept 18
Romania's Finance Ministry raised RON767 million from banks on Monday (Sept 18) selling treasury bills maturing in 2028, at an annual average yield of 6.59%.
IMF Set to Come to Bucharest on September 25
The International Monetary Fund announced today that a team led by Jan Kees Martijn will be in Bucharest during the September 25-October 4 period to assess the state of the local economy, wi...
Sale Of OTP Bank Romania Pushed Into October
The sale of OTP Bank Romania – submission of final bids, choosing a winner – has been pushed from September into October and those still in talks are Banca Transilvania and Raiffeisen Bank,...
Finance Ministry Raises RON623M From Banks Selling Treasury Bills On Sept 14
Romania's Finance Ministry raised RON623 million from banks on Thursday (Sept 14) selling treasury bills maturing in 2024, at an annual average yield of 6.21%.