Banks-Insurance
Autonom Group Branches Out Into Insurance
Autonom Protect, the services division for the insurance market of the Autonom Group, has entered into a distribution partnership with Greek company Hellas Direct, which has recently announc...
BRD-SocGen Announces Two Appointments In Bank’s Management Structure
BRD-SocGen, the third largest bank on the Romanian market by assets, said in a stock market report on Friday (Sept 30) that Maria Rousseva was appointed to the position of Deputy CEO Global...
Consumer Loan Reference Index IRCC Grows To 4.06% For 2Q/2022
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 4.06%, higher by 53% than the previous level of 2.65%, in line...
Three-Month ROBOR Ends Sept 26-30 Week At 7.93% 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, ends the September 26-30 week a...
McKinsey: Banks Become Leading Industry In Romania
Banks have seen the highest growth in customer satisfaction scores this year and have become the leader in terms of customer satisfaction and experience in Romania, outranking grocery retail...
IFC Invests Heavily In Romania's Private Sector Development
International Finance Corporation (IFC), a member of the World Bank Group, ramped up support for Romanian companies with a record investment of $458 million between July 2021 and June 2022 i...
U.S. Dollar Loses Ground For First Time In The Last Week
The US dollar has depreciated slightly against the Romanian currency on Thursday (Sept 29), for the first time in the last week, as the central bank’s average reference rate stood at 5.1027...
Raiffeisen Bank Grants RON5M Financing To Construction Of RoCordis Hospital In Timisoara
Lender Raiffeisen Bank has provided financing of RON5 million for the construction of the RoCordis hospital in Timisoara (western Romania).
Underwritings On Romania Auto Liability Insurance Market Double To Over RON4B In 1H/2022
The auto liability insurance policies (RCA) market reached RON4.25 billion in the first half of 2022, up 89% from the same period in 2021, a record high compared to the first half of the las...