Banks-Insurance
EBRD Revises Up Romania’s GDP Growth Forecast To 5.4% In 2022
The European Bank for Reconstruction and Development (EBRD) on Wednesday (Sept 28) revised upwards its forecast on Romania’s economic growth to 5.4% in 2022 from a previous projection of 2.5...
Romgaz Makes RON290M Term Deposits With CEC Bank
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Sept 26) said in a stock market report that it placed with state-run lender CEC BANK three term deposits in the total a...
Financial Watchdog: Romania’s Insurance Market Surges 44% To RON8.76B In 1H/2022
Romania’s insurance market reached a volume of underwritten gross premiums of RON8.76 billion in the first half of 2022, up 44% compared with the year-ago period, the country’s Financial Sup...
Romania Officially Requests EUR4B From EIB For Investments In Health And Transport Sectors
The European Investment Bank on Monday (Sept 26) announced that Romania has formally requested a co-financing of EUR4 billion for investments in the country's heath and transport sectors.
U.S. Dollar Hits Fresh High Versus The Leu; Exchange Rate At 5.1135
The US dollar hit a new record high against the Romanian currency on Monday (Sept 26), as the central bank’s average reference rate stood at 5.1135 lei to the dollar.
Romania Private Lending Growth Slows Down to 15.9% YoY in August
Private lending in Romania grew by 15.9% in August 2022 compared with August 2021 to RON359 billion, as local currency lending increased by 16.8% and foreign currency lending expressed in le...
Finance Ministry Raises RON2162M From Banks On Sept 22
Romania's finance ministry raised RON216 million on Thursday (Sept 22), below the targeted level of RON400 million, selling bonds maturing in June 2026, at an annual average yield of 8.3%.
Romania Plans To Borrow EUR4B From European Investment Bank
Romania is considering getting a loan of approximately EUR4 billion from the European Investment Bank (EIB) and the funds will be used as co-financing for projects carried out under the Nati...
AVBS Credit Brokered EUR42.5M Worth Of Bank And Non-Bank Loans In Jan-July 2022
AVBS Credit, a Romanian broker for banking services, intermediated sales of bank and non-bank loans in the amount of EUR42.5 million in the first seven months of 2022, 17% more than in the s...