Banks-Insurance
Finance Ministry Raises RON1.2B From Banks On July 13
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday, July 13, selling government paper maturing in 2038, at an annual average yield of 6.64%.
Romania's Central Bank Approves Razvan Filcescu For First Bank's VP Coordinating All Business Activities
Razvan Filcescu has been officially approved by Romania’s central bank to take over the role of Vice-President responsible for coordinating all business activities of First Bank.
Raiffeisen Bank And Raiffeisen Asset Management Launch Three New Investment Solutions Of The SmartInvest Series
Raiffeisen Bank and Raiffeisen Asset Management are launching three new recurrent investment solutions of the SmartInvest series, which target investment funds Raiffeisen Euro Flexi, Raiffei...
Consumer Loan Reference Index IRCC Envisaged To Stay 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, is seen staying below 6% until the end of 2023 and reaching 5.96% in th...
Romania’s Insurers Boast All-Time Net Profit in 2022
Romania’s insurers last year hit an all-time high in terms of total net profit, at RON773 million, double the 2021 level and more than 12 times higher than the 2020 one, in line with informa...
Finance Ministry Raises RON583M From Banks On July 10
Romania's Finance Ministry raised RON583.5 million from banks on Monday, July 10, selling government paper maturing in October 2033, at an annual average yield of 6.87%. The bond issue has a...
Banca Transilvania CFO Sells RON2.6M Worth Of Shares
Banca Transilvania’s (TLV.RO) chief financial officer George-Razvan Calinescu made ten transactions during which he sold Banca Transilvania shares at prices between RON21 and RON21.56 each o...
Finance Ministry Raises RON566M From Banks On July 6
Romania's Finance Ministry raised RON566 million from banks on Thursday (July 6), selling government paper maturing in 2030, at an annual average yield of 6.74%.
Romanian Central Bank Holds Key Rate At 7% A Year
Romania's central bank has decided at its board meeting on Wednesday (July 5, 2023) to keep its benchmark interest rate on hold at 7% a year.