Banks-Insurance
Nuclearelectrica Makes RON133M Deposit With Eximbank At 6.6% Interest
State-run nuclear power producer Nuclearelectrica (SNN.RO) has made a term deposit in amount of RON133 million with Eximbank. The deposit is due on February 26, 2024, and carries an interest...
Banca Transilvania Reports RON1.58B Net Profit in 1H/2023, Up 50% from 1H/2022
Banca Transilvania, Romania’s biggest lending institution, reported consolidated net profit of RON1.58 billion in the first half of 2023, from RON1 billion in the same period of last year.
Altex’s NBFI Credex Gets Payment Institution License
Credex IFN, a non-banking financial institution (NBFI) of the Altex Group, the leading computer and electronics retailer in Romania, has secured a license to operate as a payment institution...
Romania Private Lending Up 5.6% YoY To RON378.2B In July 2023
Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24).
Banca Transilvania Wants Shareholders’ OK for EUR1.5B Bond Issue Program
Banca Transilvania, the biggest player in Romania’s banking system, is convening shareholders for September 29 for the approval of a program of corporate bond issues with a 10-year maturity...
Banca Transilvania Wants to Distribute RON900M Worth of Dividends
Banca Transilvania, Romania’s biggest lending institution, is convening its shareholders for September 29, 2023, to approve, among others, the distribution of RON902.5 million under the form...
Italy’s Intesa In Talks To Buy First Bank, Competes With Vista Bank Over It
Italy’s Intesa Group, which owns a bank in Romania, is in talks to buy First Bank, competing with Vista Bank over it, banking sources say.
Romania Banking System Boasts Record High RON7B Profit in 1H/2023, Up 40% from 1H/2022
Net profit at the level of the Romanian banking system at the end of the first half of 2023 hit a record high of RON6.9 billion, up over 40% from the gain reported for 1H/2022.
Sale Of OTP Bank Romania Makes Progress, Final Bids Expected For Early September
The sale of OTP Bank Romania is going ahead, and in Bucharest these days there are "management presentations" between OTP and the three banks it is in talks with.