Banks-Insurance
Garanti BBVA Romania Borrows EUR40M from IFC to Finance Mortgages for Green Housing
International Finance Corporation (IFC), the World Bank’s private investment arm, has granted a EUR40 million loan to Garanti BBVA Romania (GBRO) for the funding of mortgages destined to gre...
Omniasig Underwritings Grow 35% YoY To RON1.5B In Jan-Sept 2022
Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), ended the first nine months of 2022 with underwritten premiums of RON1.5 billion, up 35% on the year, as per compa...
Romania Banking System Hits Record High Profit of RON7.6B in Jan-Sept 2022
The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanc...
Premier Energy Gets EUR30M Loan From EBRD To Fund Working Capital
Premier Energy, one of the leading natural gas suppliers in Romania, which manages a piping network of over 2,500 km, has secured a loan of EUR30 million from the European Bank for Reconstru...
Patria Bank Jan-Sept 2022 Profit Doubles from Year-Earlier Period To RON14.8M
Patria Bank, a lending institution held by investment fund Emerging Europe Accession Fund (EEAF), for the first nine months of 2022 reported RON14.8 million net profit, up 106.4% from the ye...
VIG’s Three Companies in Romania Hit EUR570.9M Gross Underwritings in Jan-Sept 2022, Up 38% YoY
Omniasig, Asirom and BCR Asigurari de Viata, the companies Austria’s group Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2022 with overall gross underwritten p...
Three-Month ROBOR Drops To 7.98% On Nov 15
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 7.98% a year o...
Finance Ministry Raises RON480M From Banks On Nov 14
Romania's finance ministry raised RON480 million on Monday (Nov 14) selling bonds maturing in October 2028, at annual an average yield of 8.35%.
Banca Transilvania Jan-Sept 2022 Net Profit Edges Down by 2% To RON1.44B
Banca Transilvania, the largest bank in Romania by assets, at the end of the first nine months of 2022 generated RON1.44 billion net profit, slightly down by 2% from the record-high gain pos...