Banks-Insurance
ASF Approves EBRD’ Indirect Acquisition of Euroins Stake
Romania’s Financial Supervisory Authority (ASF) has approved the acquisition plan of European Bank for Reconstruction and Development (EBRD), which will get an indirect qualifying holding in...
BRD: Dividend Granting Won’t Be Proposed For Shareholder Approval Amid Prudence Recommendations
BRD, the third largest credit institution in Romania after Banca Transilvania and BCR, said in its financial report for 2022, sent to the Bucharest Stock Exchange, that it would not propose...
CFA Romania Analysts Launch Financial Education Project on TikTok
CFA Society Romania is launching a financial education campaign on TikTok to help Gen Z learn more about how they can organize their travel budget, about the jobs of the future, how they can...
BRD Group’s Revenues Up 11.7% in 2022, To RON3.45B, Net Profit Up 1.4% To RON1.33B
BRD Group in 2022 generated RON3.45 billion revenues, up 11.7%, while profit rose by around 1.4%, to RON1.33 billion.
BRD Names Madalina Teodorescu As Deputy CEO Retail
BRD - Groupe Société Générale S.A. said in a stock market report on Tuesday (Feb 7) that its Board of Directors appointed Madalina – Otilia Teodorescu to the position of Deputy CEO Retail, f...
CEC Bank Raises Nearly EUR120M On International Markets Via MREL-Eligible Bonds
Romanian lender CEC Bank on Tuesday (Feb 7) raised over EUR119 million (about RON587 million) in a new international placement of bonds eligible under the Minimum Requirement for own funds a...
Nuclearelectrica Makes RON209M Term Deposit With Eximbank
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON209 million, the company informed its...
Finance Ministry Raises RON505M From Banks On Feb 6
Romania's finance ministry raised RON505 million on Monday (Feb 6 ) selling bonds maturing in October 2028, at annual an average yield of 7.55%.
Insurance Brokerage Market Sees 23% Growth to RON1.48B in Jan-Sep 2022
The insurance brokerage market recorded a 23% increase in revenue from insurance distribution to over RON1.48 billion at the end of the first nine months of 2022, about RON1.35 billion of wh...