Banks-Insurance
Revolut: Digital Banking Gains Momentum In Romania
Almost half of Gen Z representatives prefer mobile banking and only 3% are in favor of traditional banking, as per a survey conducted in July 2023 by research company Dynata for Revolut.
Alpha Bank Romania's Loan Portfolio Up 10% In H1/2023 To EUR3B
Alpha Bank reported a 10% increase in its loan portfolio in Romania in the first half of 2023, up to EUR3.02 billion net exposure, while customer deposits amounted to EUR3.04 billion, up 13....
tbi bank Expands CASH Zero Lending Solution To Romanians Abroad
tbi bank makes CASH Zero, a lending solution which offers fast access to financing of maximum RON15,000 and a grace period of 4 months on interest rate payment, accessible to Romanians both...
Argus Constanta Borrows RON160M From Banca Transilvania
Vegetable oil producer Argus Constanta (UARG.RO) on Tuesday evening announced on the Bucharest Stock Exchange the conclusion of a RON160 million financing agreement with Banca Transilvania (...
Insurers In Romania Set Up RON21.5B Claims Reserves In Q1/2023, Down 1.4% YoY
Insurance companies in Romania set up total claims reserves of RON21.5 billion in the first quarter of 2023, down 1.4% on the year, mainly due to missing information about Euroins Romania's...
Finance Ministry Raises RON410M From Banks On August 7
Romania's Finance Ministry raised RON410 million from banks on Monday (August 7), selling government paper maturing in February 2038, at an annual average yield of 6.9%.
Romanian Central Bank Keeps Key Rate Unchanged At 7% a Year
Romania's central bank has decided at its board meeting on Monday (August 7, 2023) to keep its benchmark interest rate on hold at 7% a year.
Law Firm NNDKP Assists Syndicate Of Banks In Providing EUR550M Financing To Ameropa Group
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR550 million in financing to Swiss-based agri-business group Ameropa, which owns some of th...
Exim Banca Romaneasca Issues State Guarantees For Renewable Energy Projects
Exim Banca Romaneasca launched a new guarantee product in the name and on behalf of the Romanian state that facilitates access to finance for companies implementing investment projects in th...