Banks-Insurance
Banks Should Be At The Forefront Of Fight Against Financial Crimes
Up to 5% of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity, according to the World Economic Forum.
Romania Forex Reserves At EUR46.63B On Dec 31, 2022, Up 15% Vs End-2021
Romania's foreign exchange reserves stood at EUR46.63 billion on December 31, 2022, up 15% versus the end of 2021 and 2% above the level recorded on November 30, 2022, central bank data show...
CEC Bank Raises over RON650M via MREL Eligible Bond Issue
CEC Bank secured approval from the Luxembourg Stock Exchange at the end of December for its multi-year bond prospectus and successfully placed the first tranches this week, through a private...
EximBank Completes Merger with Banca Romaneasca, Becomes Universal Bank
EximBank completed the merger by absorption with Banca Romaneasca and will enter the retail market in Romania on December 31, 2022, becoming a full-service bank.
Consumer Loan Reference Index IRCC To Grow To 5.71% Starting January 2023
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, will grew to 5.71% starting January 1, 2023, from 4.06% at present, in...
Number of Banks in Romania to Drop from Current 34 Following Consolidation
After 2020 and 2021 were affected by the effects of the coronavirus pandemic, the year 2022 came with new challenges, such as a war on the borders of Romania, energy crisis, inflation, rise...
Romania To Launch New Govt Bond Issues For General Population Via TEZAUR Program As Of Jan 3, 2023
Romania’s finance ministry is launching new government bond issues for the general population only, on Tuesday (January 3, 2023), through the TEZAUR program.
Lending and Savings Growth Slows Down in November
Private lending in Romania increased by 13.2% to RON364.4 billion in November compared with the year-ago month, after leu-denominated loans increased by 9.2% and the foreign currency loans e...
Three-Month ROBOR Starts Final Week of 2022 at 7.61% 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, has decreased to 7.61% a year i...