Banks-Insurance
Millenium Insurance Broker Sees 40% Higher Profit And 10% Higher Revenue YoY In Q1/2023
Insurance broker Millenium Insurance (MIB.RO), which is majority owned by mobility network Autonom Services, recorded a net profit of RON1.9 million in the first quarter of 2023, up 40% on t...
Patria Bank Ends Q1 With RON4B Assets And RON3M Net Profit
Patria Bank (PBK.RO), a lender listed on the Bucharest Stock Exchange, on Monday evening announced its financial results for the first quarter of 2023: RON4.1 billion banking assets, RON44 m...
New Loans To Consumers And Companies Up Almost 8% To RON30.5B In Q1
New loans granted by banks in Romania to consumers and companies stood at RON30.5 billion in the first quarter of 2023, an increase of more than 7.77% on the RON28.3 billion in the year-ago...
Finance Ministry Raises RON1.53B From Banks On May 15
Romania's Finance Ministry raised RON1.53 billion from banks on Monday (May 15) selling government paper maturing in April 2028, at an annual average yield of 6.89%.
Hidroelectrica Invests RON351M In CEC Bank Bonds
Romania’s largest electricity producer Hidroelectrica and also the most eagerly awaited listing on the Bucharest Stock Exchange invested about RON351 million in corporate bonds due on Decemb...
BCR Releases First Green Eurobond Issue On International Market
Banca Comerciala Romana notified the Bucharest Stock Exchange of its first green Eurobond issuance worth EUR700 million on Friday. The transaction is the bank’s debut on the international ca...
BRD-Soc Gen Ends 1Q/2023 with RON342M Net Profit, Up 30% from 1Q/2022
BRD Soc Gen, the third largest player in the Romanian banking system after Banca Transilvania and BCR, for the first quarter of 2023 reported RON342 million net consolidated profit, up 30% f...
BlackPeak Capital Appoints Virgil Chitu To Run Its Operations In Romania
Private equity firm BlackPeak Capital has appointed Virgil Chitu, a banker with more than ten years of experience, head of its Romanian operations and announced an up to EUR40 million invest...
Finance Ministry Raises RON690M From Banks On May 11
Romania's Finance Ministry raised RON690 million from banks on Thursday (May 11) selling government paper maturing in April 2036, at an annual average yield of 7.34%.