Banks-Insurance
OTP Bank Romania Posts RON15M Loss in Jan-Sep
OTP Bank Romania, the local subsidiary of Hungary’s largest banking group posted RON15 million loss in the first three quarters of 2022, largely due to the increase in total provisions to RO...
Finance Ministry Raises RON3B From Banks On Nov 10
Romania's finance ministry raised RON3 billion on Thursday (Nov 10) through two government paper auctions, at annual average yields of 8.83% and 8.74%.
EximBank And Trencadis Conclude Financing Agreement For Educational Platform Project
EximBank and Baia Mare-based entrepreneurial company Trencadis, specialized in the provision of IT integration solutions and services, have concluded a financial agreement worth RON60 millio...
Alpha Bank Romania Jan-Sept PBT Up 82% To EUR36.7M YOY
Alpha Bank, among the ten largest banks by assets in Romania, in the first nine months of 2022 generated profit before tax worth EUR36.7 million, 82.5% higher than in the year-earlier period...
Romania Central Bank Raises Key Rate to 6.75% a Year
Romania's central bank has decided at its board meeting on Tuesday (November 8), its eighth and last monetary policy meeting of 2022, to raise its benchmark interest rate by 0.50% to 6.75% a...
Finance Ministry Raises Nearly RON1.23B From Banks Via Two Govt Bond Issues On Nov 7
Romania's finance ministry raised RON1.23 billion on Monday (Nov 7) through two government bond issue, at annual average yields of 9.13% and 9.43%.
Patria Bank Gets EUR7M Loan From EFSE To Support MSMEs In Romania
The European Fund for Southeast Europe (EFSE), an impact investment fund focusing on fostering economic prosperity in Southeast Europe and the Eastern Neighborhood Region, has granted a EUR7...
BCR Reports RON1.53B Net Profit For Jan-Sept 2022, Up Almost 35% from Year-Earlier Period
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, posted net profit worth RON1.53 billion (EUR312 million) in the first nine months of 2022, up 34.8% from the same p...
BRD Jan-Sept 2022 Profit Up 12.5% To RON998M from Year-Earlier Period
BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2022 with RON2.44 billion net banking income, up 11.6% from the year-earlier period, while net profit...