Banks-Insurance
BCR, Banca Transilvania and BRD, Most Profitable Large Banks in Romania in 1H/2022
The three most profitable large banks in Romania in 1H/2022 were BCR, Banca Transilvania and BRD-SocGen, with overall earnings of above RON2.5 billion, namely more than half of the total pro...
Three-Month ROBOR Starts Week of August 29 Slightly Down to 7.95%
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, inched down to 7.95% a year on...
Idea Bank Ends 1H/2022 with RON71M Operating Revenues, Up 11%, and RON14M Operating Income, Down 27% from 1H/2021
Idea Bank, taken over by Banca Transilvania in 2021, in the first six months of this year posted operating revenues worth RON71 million, up 11%, and RON14 million operating income, down 27%...
Three-Month ROBOR Drops to 7.96% on August 26
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 week at 7.96%, after h...
Banca Transilvania 1H/2022 Net Consolidated Profit Hits RON1.04B, Up 3% from 1H/2021
Banca Transilvania financial group ended the first half of this year with net consolidated profit of RON1.046 billion, 3% higher than in the same period of 2021, with the bank’s profit stand...
Finance Ministry Raises RON439M from Banks on August 25
Romania's Finance Ministry raised RON439 million from banks on Thursday, via a government paper auction with a nominal value of RON400 million due in 2026, at an annual average yield of 7.96...
Wolf Theiss Assisted Raiffeisen Bank Romania with RON500M Bond Issue
Wolf Theiss provided legal advice to Raiffeisen Bank Romania in the issuance of senior non-preferred eligible sustainable bonds in the amount of RON500.85 million, the first issue of this ty...
Citi Appoints Samir Karia Citi Country Officer for Romania
Citi has announced the appointment of Samir Karia as Citi Country Officer for Romania and Managing Director of Citibank Europe plc, Dublin - Romania branch, in charge of developing and imple...
Bank of Cyprus Completes Sale of EUR147M Portfolio of Romanian Outstanding Loans and Repossessed Properties
Bank of Cyprus has completed the sale of a portfolio of NPLs and repossessed properties of Romania totally worth around EUR147 million to an entity part of APS group.