Banks-Insurance
Norofert Signs Revolving Credit Contract With EximBank For EUR2M
Romanian producer of organic agricultural products, Norofert (NRF.RO), announced in a stock market report on Thursday (Feb 2) that it signed a revolving credit contract with the Export-Impor...
Speedwell Gets EUR24.3M Loan From BRD To Erect Two New Residential Buildings In Timisoara
Belgian real estate developer Speedwell has contracted financing worth EUR24.3 million from BRD Groupe Societe Generale in order to construct two green residential buildings in Romania’s wes...
Banca Transilvania Enters Top 300 of 2023’s Brand Finance Banking 500
Banca Transilvania, the leading lender in Romania, is among the 300 most valuable banking brands in the world this year, where it climbed to 297 from 302 in 2022, according to Brand Finance...
Libra Internet Bank Opens Unit In Northern Bucharest
Libra Internet Bank, a member of U.S. investment group New Century Holdings, is opening a subsidiary in Pipera, one of the most dynamic development areas in capital city Bucharest, reaching...
Citi Appoints Mihaela Penes As Treasury and Financial Markets Head For Romania And Bulgaria
Citi has announced the appointment of Mihaela Penes to the position of Director of Treasury and Financial Markets for Romania and Bulgaria.
Romania Forex Reserves Grow To EUR50.2B On Jan 31, 2023 Vs Dec 2022
Romania's foreign exchange reserves stood at EUR50.2 billion on January 31, 2023, higher by EUR3.56 billion versus December 2022, central bank data showed Wednesday (Feb 1).
Romania To Launch New Govt Bond Issues For General Population Via TEZAUR Program As Of Feb 3
Romania’s finance ministry will be launching new government bond issues for the general population only, on Friday (February 3, 2023), through the TEZAUR program.
eMAG Challenges Banks
eMAG, the largest online retailer in Romania, plans to raise the credit limit for its registered customers and increase the number of installments in which they can repay their loans, a move...
European Commission Approves Measure to Establish Romanian Investment and Development Bank
The European Commission has approved, under EU State aid rules, a EUR1.6 billion Romanian measure to set up the Romanian Investment and Development Bank.