Banks-Insurance
Finance Ministry Raises RON623M From Banks On March 13
Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%.
Banca Transilvania Calls Shareholders to Vote on RON910M Capital Increase
The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania, has called shareholders on April 26, when they are to vote on the 2023 spending and revenue budget, as w...
OTP Bank Profit Shrinks 40% to RON34.6M in 2022
OTP Bank Romania posted after tax profit of RON34.6 million in 2022, a decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in...
Eurohold Group Announces Consolidation of Euroins’ Financial Position
Bulgaria’s Eurohold Group has recently consolidated the financial position of insurer Euroins Romania, which now has a solvency capital requirement (SCR) ratio of 160% and a minimum capital...
Three-Month ROBOR Ends March 6-10 Week at 6.91% 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, continued to slide and ended th...
Finance Ministry Raises RON589M From Banks On March 9
Romania's Finance Ministry raised RON589.2 million on Thursday (March 9) selling bonds maturing in April 2031, at an annual average yield of 7.59%.
Three-Month ROBOR Falls To 6.95% 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, dropped to 6.95% a year on Tues...
Allianz-Tiriac’s 2022 Underwritings Up 40% YoY To Almost RON3B
Allianz-Tiriac, the second largest player on the market, reached a volume of underwritten gross premiums of RON3 billion in 2022, up over 47% versus 2021, and an operating profit of RON250 m...
BNP Paribas Personal Finance’s Consumer Finance Unit Cetelem to Cease Operations in Romania
BNP Paribas Personal Finance announces the start of the steps to cease operations of its consumer finance unit, Cetelem, in Romania, after having failed to find a partner to continue in the...