Banks-Insurance
Intesa Sanpaolo Bank Becomes Ninth Bank in Romania to Allow Instant Inter-Banking Payments
Intesa Sanpaolo Bank has launched an online lei payments service allowing transfers in 10 seconds at most since payment initiation, with the instant inter-baking payment system being increas...
BCR Lists New Bond Issue Worth RON334M On October 12
Banca Comercial Romana (BCR) has listed on Wednesday (October 12) a new issue of corporate bonds, worth RON334 million, under the stock ticker BCR28C.
Three-Month ROBOR Surges To 8.11% On October 12
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 increased to 8.11% a year o...
Three-Month ROBOR Overshoots 8% Threshold On Oct 11, Reaches 8.03% 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, exceeded the 8% threshold on Tu...
Deloitte: Banks’ Profitability To Decrease Over The Next Year
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tig...
Three-Month ROBOR Starts Week of October 10 Up To 7.99% A Year
The three-month ROBOR, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, reached 7.99% a year on Monday (October 10)...
Three-Month ROBOR Grows Slightly To 7.96% On Oct 7 After Central Bank Raises Key Rate
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, grew slightly to 7.96% a year o...
CEC Bank To Continue To Fund Entrepreneurs In 2022 Via IMM Invest Plus Program
State-run lender CEC Bank will continue to fund entrepreneurs in 2022 through the IMM Invest Plus program, with the lender granting 3,800 loans so far via the IMM Invest.
Romania Central Bank Raises Key Rate To 6.25% A Year
Romania's central bank has decided at its board meeting on Wednesday (October 5) to raise its benchmark interest rate by 0.75% percentage points to 6.25% a year from the current rate of 5.5%...