Banks-Insurance
CEC Bank Ends 2022 With Audited Net Profit Of RON424M, Up 16% YoY
Romanian state-owned lender CEC Bank ended 2022 with an audited net profit of RON424.3 million, up 16% from 2021, and net interest income of RON1.54 billion, up 43% on the year.
Raiffeisen Bank Romania 1Q/2023 Net Profit Soars 90% To RON414M
Raiffeisen Bank Romania in the first quarter of 2023 posted RON414 million net profit, from RON218 million in the same period of 2022, amid intense lending activity for all business segments...
Finance Ministry Raises RON1.78B From Banks Via Two Bond Issues
Romania's finance ministry raised RON1.78 billion on Thursday (May 4, 2023) through two government bond issues, at annual average yields of 7.34% and 7%, respectively.
Metropolitan Life Ends 2022 With RON597M Gross Underwritings, Up 14% YoY
Metropolitan Life, the second largest player on the life insurance market in terms of underwritings, ended 2022 with a volume of underwritten gross premiums of RON597 million, up 14% versus...
Hungary’s OTP Starts Probing Market for Interest in OTP Bank Romania
Hungary’s OTP Bank Group, one of the largest banking groups in the region, has started to discreetly probe the market to assess interest from other banks to buy OTP Bank Romania, banking sou...
Romania Insurance Market Reaches RON16.5B Gross Underwritten Premiums in 2022, Up 16% YOY
Romania’s insurance market reached a gross underwritten premium volume of RON16.5 billion at the end of 2022, up 16% from 2021, with general insurance weighing 84%, meaning an underwritten p...
UniCredit Generates EUR64M Profit in Romania in 1Q/2023, Up around 45% from Year-Earlier Period
Italian group UniCredit for the first quarter of this year reported EUR64 million net profit from Romanian operations, up around 45.3% from the consolidated gain of 1Q/2022.
Calin Matei To Take Over As New CEO Of Groupama Starting June 2023
GROUPAMA, leader of the Romanian insurance market, has announced the appointment of Calin Matei to the position of Chief Executive Officer, starting June 2023.
EIF And Agricover Credit Agree To RON45M (EUR9.1M) Financing For Agri-business Micro-enterprises In Romania
The European Investment Fund (EIF) has signed a RON45 million (EUR9.1 million) loan with Agricover Credit, the main specialized financial services provider for farmers in the Romanian market...