Banks-Insurance
Romania's Central Bank Stays In The Black In 2022, With Nearly RON1.1B Profit
Romania's central bank reported a profit of RON1.08 billion for 2022, lower by 46.3% than the level reported in 2021.
Kearney: Eight In Ten Romanians Used Or Would Use BNPL Or Similar Payments Solutions
A percentage of 15-20% Romanians frequently utilize purchases in instalments either at point of sale in store or at check-out when purchasing online, or post-purchase.
EY: Eurozone Bank Lending Growth Expected To Decline In 2023 And 2024
Growth in bank lending across the eurozone is forecast to slow from a 14-year peak in 2022 (of 5%) and record modest gains of 2.1% in 2023 and 1.7% in 2024, as demand for loans across the re...
Finance Ministry Raises RON943M From Banks On June 26
Romania's Finance Ministry raised RON942.5 million from banks on Monday (June 26), selling government paper in two auctions, at an annual average yield of 6.49% and 6.66%.
Raiffeisen Leasing Appoints Radu Ciocoiu CEO
Raiffeisen Bank Romania’s leasing unit Raiffeisen Leasing has appointed Radu Ciocoiu chief executive officer. In his new role, he will supervise strategy and continued development of the lea...
Insurance Market Sees Growth Of Only 2% To RON4.74B In Q1
The insurance market reached a volume of gross written premiums of RON4.74 billion in the first three months of 2023, an increase of only 2% compared with the same period last year, the Fina...
Private Lending Slows Down To 7.9% Growth Rate YoY In May 2023
Private lending in Romania grew by nearly 7.9% in May 2023 versus May 2022 to RON372.3 billion, as local currency lending was almost flat, increasing by merely 0.2% year on year and foreign...
Nuclearelectrica Makes RON287.5M Term Deposit With CEC Bank
Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON287.5 million, the company informed its shareholders and investors v...
Garanti BBVA Signs EUR24.4M Loan Agreement With EIB To Support Local SMEs
Garanti BBVA, part of Garanti BBVA Romania Group, has signed a EUR24.4 million loan agreement with the European Investment Bank (EIB) to support access to financing for small businesses and...