Banks-Insurance
tbi bank Extends Partner Network; Signs Agreement With Ortopedica
tbi bank continues to extend its partner network and teams up with medical devices company Ortopedica, offering customers the possibility of buying medical devices through the Buy Now, Pay L...
Deloitte: Insurers Face Challenges On Growth And Profitability In 2023
Insurers’ growth and profitability will most likely be negatively impacted in 2023 by the current macroeconomic and geopolitical challenges such as the threat of global recession, effects of...
Frames: Romania Insurance Market to Reach Record High of RON16B in 2023
The insurance market in Romania could reach an all-time high of more than RON16 billion in 2023, supported by the increase in the value of policies, but also by the growing interest of Roman...
Groupama Asigurari CEO Receives Approval from ASF to Continue in His Position
Francois Coste, the chief executive officer of Groupama Asigurari, which became the insurance market leader in Romania shortly after former leader City Insurance went bankrupt, has received...
Finance Ministry Raises Nearly RON1B From Banks Via Two Govt Bond Issues On March 2
Romania's finance ministry raised nearly RON1 billion on Thursday (March 2, 2023) through two government bond issues, at annual average yields of 7.99% and 7.27%, respectively.
Financial Watchdog Approves Euroins Romania’s Share Capital Increase By RON44.7M
Romania’s Financial Supervisory Authority (ASF) has approved the increase of the share capital of Euroins Romania by RON44.7 million, according to ASF representatives.
Banca Transilvania Seeks To Repurchase 900,000 Own Shares
Lender Banca Transilvania is set to buy back 900,000 own shares at a minimum price equal to the stock market price at the moment of the acquisition and at a maximum price of RON40.
Romania Forex Reserves Grow To EUR52B On Month In February 2023
Romania's foreign exchange reserves stood at EUR52 billion on February 28, 2023, higher by EUR1.8 billion versus January 2023, central bank data showed Wednesday (March 1).
Patria Bank Doubles Net Profit in 2022 To RON20.2M
Patria Bank, a lending institution owned by investment fund Emerging Europe Accession Fund (EEAF) ended 2022 with RON20.2 million net profit, from RON9.4 million in 2021.