Banks-Insurance
APS Group Buys 7,000-NPL Portfolio Worth EUR24M from Major Bank in Romania
APS Group, a CEE asset manager, has bought a EUR24 million non-performing loan portfolio from a bank of Romania.
CEC Bank Continues To Fund Entrepreneurs Via IMM Invest Plus Program
Romanian state-run lender CEC Bank said it would continue to finance Romanian entrepreneurs in 2023 through the IMM Invest Plus government programs, by granting subsidized loan interest and...
Alpha Bank Romania Reports EUR33M Net Profit For 2022
Alpha Bank Romania reported a net profit of EUR33 million for 2022, considering that in 2021 it reported a profit before tax of EUR25.6 million.
VIG Underwritings In Romania Grow 14% YoY To EUR12.6B In 2022
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended 2022 with a volume of underwritings worth EUR12.6 billion, up 14....
Three-Month ROBOR Stays Put At 6.90% 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 6.90% a year on Tu...
Raiffeisen Group, Including Raiffeisen Bank Romania, Grants EUR40.5M Loan To Firm Of Shikun and Binui Energy Group To Build PV Power Plant
Raiffeisen Bank International and Raiffeisen Bank Romania have granted a loan worth EUR40.5 million to a company from the Shikun and Binui Energy Group in Israel for the construction of a ph...
Libra Internet Bank Re-elects Radu Ghetea As Chairman Of Board Of Directors
Shareholders of Libra Internet Bank have approved in their general meeting the re-election of Radu Ghetea, Ionel Umbres, Emilian Bituleanu and Eugen Goga as members of the bank's Board of Di...
New Corporate Loans in Lei Up 18% to RON3.3B in January 2023
Banks in Romania granted more than RON3.3 billion worth of new loans in lei to companies in January 2023, an increase of 17.9% on December 2022 and on the year-ago month.
Pillar II Pension Funds Own 20% in Transgaz
Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz...