Banks-Insurance
Libra Internet Bank Has 3 Bond Issues Worth Over EUR48M Listed On Stock Exchange
Libra Internet Bank continues its financing through the stock exchange with a third bond issue, worth EUR4.262 million and the bonds will trade on the main section of the Bucharest Stock Exc...
BRD Pensii Readies Exit from Pillar II Private Pension System
BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with...
Euromoney Names UniCredit Bank In Romania As Market Leader In Corporate Banking
Euromoney, an English-language monthly magazine focused on business and finance, has named UniCredit Bank Romania as Market Leader in Corporate Banking in its 2022 European Markets Leaders S...
TBI Bank, Also Present In Romania, Reports 33% Higher Net Profit, Of EUR30M, For Jan-Sept 2022
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, had a net profit of EUR30.2 million in January-September 2022, up 33% on the year, the bank said in a statement...
Mazars Report Shows European Banks' Expected Credit Loss Levels In H1/2022
The fifth edition of the Financial Reporting of European Banks report by Mazars, the international audit, tax and advisory services company, focuses on European banks’ expected credit loss (...
Moldova’s Largest Bank Gets Shareholders’ Vote to Go Public on Bucharest Stock Exchange
Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), which has a market share of 36.3% and about MDL39 billion (EUR2 billion) assets, got the shareholders’ approval to go public...
MedLife Signs EUR228M Syndicated Loan To Refinance And Increase Existing Syndicated Loan
MedLife, the leader of the private medical services market in Romania, in a stock market on Wednesday (Dec1 4) announced the signing of a syndicated loan in the total amount of EUR228 millio...
Signal Iduna Aims for over 15% Revenue Growth in 2023
Health insurance provider Signal Iduna plans to increase its revenues by over 15% in 2023, with efforts largely to focus on integrating the two companies it has acquired, namely Erdo Asigura...
ING: Record High Nov Inflation, Faster Services Price Growth Likely to Force BNR to Raise Key Rate to 7% in Jan 2023
Romania in November posted record high inflation, of 16.8%, a 20-year high, and December is most likely to bring the peak of this growth cycle, at around 17%, according to ING Bank analysts.