Banks-Insurance
Metropolitan Life Pensii Private Buys RON23M Worth Of Banca Transilvania Shares In May 2023
Metropolitan Life Pensii Private, which manages the third largest mandatory private pension fund in Romania, after NN Pensii and AZT Viitorul Tau, increased its ownership stakes in Banca Tra...
Consumer Loan Reference Index IRCC Falls To 5.94% A Year For Q3/2023 Vs 5.98% For Q2/2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, decreased to 5.94% a year. The new value corresponds to the first quart...
Romania Forex Reserves Grow To EUR53.4B On Month In June 2023
Romania's foreign exchange reserves stood at EUR53.4 billion in June 2023, higher by EUR335 million versus May 2023, central bank data showed on Monday (June 3).
Groupama and Alpha Bank Launch “Travel all Seasons” Insurance
Groupama and Alpha Bank Romania have launched an extended version of the “Travel all Seasons” travel insurance, providing remote medical support, through the ÎntreabăMedic telemedicine servi...
Romania's RCA Market Steps Back In Q1/2023, With 8% Sales Decline, Down To RON2.14B
Romania's third-party liability insurance RCA seems to be entering a downward trend after seeing significant increases both at the level of the entire segment and at the level of each compan...
World Bank OKs Nearly EUR600M Loan For Inclusive And Green Economic Growth In Romania
The Board of Executive Directors of the World Bank Group (WBG) on Monday (July 3) approved the second Inclusive and Green Growth Development Policy Loan (DPL) for Romania in the amount of EU...
CEO Omer Tetik Sells 75,000 Shares In Banca Transilvania On Bucharest Stock Exchange
Omer Tetik, CEO of Romania's largest bank, Banca Transilvania (TLV.RO), on June 28 sold 75,000 shares in the lender, at RON201.12 per unit, in line with a report to the Bucharest Stock Excha...
Three-Month ROBOR Ends June At 6.54%
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended June 2023 at 6.54% on Fri...
Finance Ministry Raises RON917M From Banks On June 29
Romania's Finance Ministry raised RON917 million from banks on Thursday (June 29), selling government paper maturing in 2028, at an annual average yield of 6.65%.