Banks-Insurance
Romanian Central Bank Keeps Key Rate Unchanged At 7% A Year
Romania's central bank has decided at its board meeting on Tuesday (April 4) to keep its benchmark interest rate on hold at 7% a year.
Finance Ministry Raises RON600M From Banks On April 3
Romania's Finance Ministry raised RON600 million from banks on Monday (April 3) selling bonds maturing in 2032, at an annual average yield of 7.39%.
Omniasig 2022 Underwritings Grow 30% YoY To Over RON2.1B
Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), ended 2022 with underwritten gross premiums of over RON2.1 billion, up 30% on the year, in line with data from com...
Law firm Filip & Company Assists Victoriabank With Acquisition Of BCR Chisinau Unit
Law firm Filip & Company has assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, on the conclusion of an agreement for the sale of the shares he...
Romania Forex Reserves Grow To EUR53.2B On Month In March 2023
Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).
Raiffeisen Bank Issues Second Tranche of Sustainability Bond Issue
Raiffeisen Bank on March 31 issued non-preferred senior eligible bonds due on December 7, 2027, the second tranche of the series 6 issued on December 7, 2022, with a total value of RON119.17...
Nuclearelectrica Makes RON108M 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 RON107.6 million, the company informed its shareholders and investors v...
Fitch Revises Outlooks On Romanian BCR And BRD To Stable, Affirms IDRs At 'BBB+'
Fitch Ratings has revised the outlooks on Banca Comerciala Romana S.A.'s (BCR) and BRD-Groupe Societe Generale S.A.'s (BRD) Long-Term Issuer Default Ratings (IDRs) to stable from negative an...
Consumer Loan Reference Index IRCC Grows To 5.98% For Q2/2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 5.98%, from 5.71 previously, seeing an increase of 0.27 percent...