Banks-Insurance
Finance Ministry Raises RON938M via Bonds, RON454M via T-Bills on Aug 11
Romania's Finance Ministry on Thursday reopened a bond issue due in February 2029 and borrowed RON938.5 million from banks, three times more than the scheduled RON300 million, at an average...
Raiffeisen Bank Raises RON500M from Sustainability Bond Issue
Raiffeisen Bank has placed a new corporate bond issue in lei, the bank's fourth eligible bond issue (MREL) and the first sustainability bond series, raising RON500.85 million from institutio...
Three-Month ROBOR Drops Further To 8.02% On August 11
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 dropped further to 8.02% a...
OTP Bank Romania Posts RON14M Losses in H1
OTP Bank, the Romanian subsidiary of Hungary's largest banking group, recorded a loss of RON14 million in the first half of this year, mainly due to an increase in the total cost of risk, no...
Argus Constanta Shareholders Approve Contracting Bank Loans Of RON220M Tops For Working Capital
Shareholders of vegetable oil producer Argus Constanta (UARG.RO), held by SIF Oltenia, approved at their general meeting of August 8 the contracting by the company of bank loans in a maximum...
Omniasig Gets Financial Watchdog’s OK For Mandates Of Five Executive Board Members
Insurance company Omniasig has received the approval of Romania’s Financial Supervisory Authority (ASF) for the mandates of the five members of the company’s Executive Board.
Transilvania Broker de Asigurare Posts RON7.8M Net Profit in H1
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokerage companies in Romania, ended the first half of 2022 with RON7.76 milion net profit, an increase of 130.3% on...
Alpha Bank Increases Interest Rates On Deposits In RON And Foreign Currency
Alpha Bank Romania on Wednesday said it increased the interest rates for savings products in RON and foreign currency, both for individuals and legal entities.
Three-Month ROBOR Drops To 8.06% On August 10
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, fell to 8.06% a year on Wednesd...