Banks-Insurance
Central Bank: Romanians’ Real Estate Assets Up Almost 21% In 2020 And 2021
Romanians’ real estate assets have continued to grow in 2020 and 2021, the two years of the COVID-19 pandemic, by RON360 billion, respectively 20.7% above the 2019 level, reaching a record h...
Three-Month ROBOR Spikes To 6.76% On July 7 After Central Bank Raises Key Rate To 4.75%
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 6.76% a year o...
Safety Broker Remains Leading General Insurance Broker in Q1
Safety Broker remained the leading general insurance broker with a gross written premium volume of RON293 million and 9.6% market share in the first quarter, the Financial Supervisory Author...
Romania Central Bank Raises Key Rate To 4.75% A Year
Romania's central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from the current rate of 3.75% a year, starting July 7, 2022.
Raiffeisen Bank Nominates Alina Rus As CFO And Executive Board Member
Raiffeisen Bank’s Supervisory Board has appointed Alina Rus as Chief Financial Officer (CFO) and member of the Executive Board.
Three-Month ROBOR Jumps To 6.6% On July 5
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 6.60% a year o...
Finance Ministry Raises RON1.3B From Banks On July 4
Romania's finance ministry raised RON1.3 billion on Monday (July 4) from banks via two government paper auctions at annual average yields of 8.75% and 8.80%.
Globalworth Contracts EUR85M Loan From World Bank’s IFC To Expand Green Projects In Romania
The International Finance Corporation (IFC), the investment arm of the World Bank Group, has granted a loan of EUR85 million to Globalworth Holdings Cyprus Limited, fully owned by Globalwort...
Romania Central Bank Reports RON2.01B Profit For 2021
Romania’s central bank reported a profit of RON2.01 billion in 2021, down 1% from 2020, of which RON1.6 billion will go to the state budget, representing 80% of the bank’s net revenues, resp...