Banks-Insurance
Filip & Company Assists Holde Agri Invest Group In Contracting Syndicated Loan Of RON31M And EUR26.7M From BT And OTP Bank
Law firm Filip & Company has assisted Holde Agri Invest group in taking out a syndicated loan in the amount of RON30.5 million and EUR26.7 million, with lender Banca Transilvania acting as a...
Exim Banca Romaneasca Officially Launches As Universal Bank
Banca de Export Import a Romaniei – EximBank SA, a bank held by Romania’s government via the Finance Ministry became Exim Banca Romaneasca on May 10, launching as a top universal bank with f...
EIF And UniCredit Sign Agreements To Channel EUR1B To Small Businesses In Seven CEE Countries, Including Romania
The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, is providing UniCredit Group with two guarantees worth EUR370 million to boost investment made by small...
OTP Bank Romania’s After-Tax Profit Shrinks To RON15M In Q1
OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impa...
Romanian Central Bank Holds Key Rate At 7% A Year
Romania's central bank has decided at its board meeting on Wednesday (May 10, 2023) to keep its benchmark interest rate on hold at 7% a year.
Innova/7, Booster Capital, GapMinder And Morphosis Capital Get EUR80M Via NRRP For Romanian Companies
Venture capital funds Innova/7, Booster Capital, GapMinder II and Morphosis Capital II are to receive up to EUR80 million investments from the National Recovery and Resilience Plan (NRRP) to...
Alpha Bank Romania Posts EUR11M Net Profit In Q1
Alpha Bank Romania posted EUR11 million net profit in the first quarter of 2023, while its assets reached EUR4.4 billion, 13% higher than in the year-ago period.
Alpha Bank In Talks To Buy Orange Money IFN Romania
Alpha Bank, one of the ten largest banks in Romania, is in talks with telecommunications group Orange over buying Orange Money IFN Romania, financial market sources told ZF.
Banca Transilvania's Net Profit Doubles YoY To RON837.7M In Q1/2023
Banca Transilvania financial group reported a consolidated net profit of RON837.7 million for the first quarter of 2023, of which lender Banca Transilvania's profit is RON675.9 million.