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Finance Ministry Raises RON1.33B from Banks on April 20
Banks-Insurance

Finance Ministry Raises RON1.33B from Banks on April 20

Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (April 20) selling government paper in two auctions at annual average yields of 7.32% and 7.43%.

Loredana Frățilă-Cristescu · 20.04.2023 · 23:58 · 1 min
Deutsche Bank Set to Expand Bucharest Tech Center Further
Banks-Insurance

Deutsche Bank Set to Expand Bucharest Tech Center Further

The tech center we have in Bucharest is a very good one and it will continue to grow by taking over more responsibilities in putting out products and digital services for the global network...

Cristian Hostiuc · 20.04.2023 · 09:26 · 1 min
Finance Ministry Raises Record Amount Of Over RON3B At Debut Of Fidelis Govt Bonds On Bucharest Stock Exchange
Capital Market

Finance Ministry Raises Record Amount Of Over RON3B At Debut Of Fidelis Govt Bonds On Bucharest Stock Exchange

Romania's finance ministry has attracted RON716 million and EUR473 million (values totaling RON3 billion – EUR618.4 million) through the first primary offering for the sale of government bon...

Ecaterina Craciun · 19.04.2023 · 14:56 · 3 min
ING Group Wants to Grow Further in Romania
Banks-Insurance

ING Group Wants to Grow Further in Romania

Steven van Rijswijk, ING Group CEO, says Romania is a good market, its economy has weathered previous and current crises well, and the Dutch group’s desire is to grow further on its banking...

Liviu Popescu · 19.04.2023 · 09:47 · 1 min
Banca Comerciala Romana Coordinates Up To USD600M Syndicated Loan For Rompetrol
Banks-Insurance

Banca Comerciala Romana Coordinates Up To USD600M Syndicated Loan For Rompetrol

KMG International Group has signed a new syndicated credit facility of USD531.8 million, with the possibility to be increased up to USD600 million.

Ecaterina Craciun · 18.04.2023 · 22:34 · 3 min
Mariana Gheorghe No Longer Runs For A New Term In ING Group’s Supervisory Board
Banks-Insurance

Mariana Gheorghe No Longer Runs For A New Term In ING Group’s Supervisory Board

Mariana Gheorghe will no longer run for a new term in the Supervisory Board of ING Group, therefore the Group has started the process of recruiting a replacement, according to ING Group’s an...

Ecaterina Craciun · 18.04.2023 · 22:23 · 1 min
Banks-Insurance

Finance Ministry Raises RON500M From Banks Selling Treasury Bills On April 13

Romania's Finance Ministry raised RON500 million from banks on Thursday (April 13) selling treasury bills maturing in 2024, at an annual average yield of 6.51%.

Ecaterina Craciun · 13.04.2023 · 23:40 · 1 min
Three-Month ROBOR Stays At 6.80% A Year
Banks-Insurance

Three-Month ROBOR Stays At 6.80% A Year

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, stagnated at 6.80% a year on We...

Ecaterina Craciun · 12.04.2023 · 22:36 · 1 min
ING Bank Romania Opens New Office In Brasov-Based Coresi Shopping Resort
Banks-Insurance

ING Bank Romania Opens New Office In Brasov-Based Coresi Shopping Resort

ING Bank Romania has inaugurated a new office in the Coresi Shopping Resort located in Brasov (central Romania).

Ecaterina Craciun · 12.04.2023 · 20:59 · 1 min