Banks-Insurance
Romania Forex Reserves Grow to RON42.03B on Month in June 2022
Romania's foreign exchange reserves increased to EUR42.03 in June from EUR40.9 billion in May, central bank data showed Friday.
Agricover Credit IFN Gets New CEO
Serhan Hacisuleyman, a Turkish banker with 23 years of experience in several business areas such as retail, SME, agriculture and trade, will be appointed CEO of Agricover Credit IFN, the fin...
Consumer Loan Reference Index IRCC Grows To 2.65% For 1Q/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 2.65% from 1.86% previously, in line with central bank data rel...
Three-Month ROBOR Jumps To 6.44% On June 30
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 6.44% a year o...
BCR Joins Raiffeisen Bank as Lender of EUR350M to Romgaz
BCR has joined as lender the loan agreement enabling Romgaz (SNG.RO) to purchase the Exxon stake in the Black Sea gas, Romgaz said in a report to the Bucharest Stock Exchange on Tuesday nigh...
Libra Internet Bank Set To Issue Bonds Worth EUR10M Tops
The Executive Board of Libra Internet Bank, with bonds traded at the Bucharest Stock Exchange under the stock tickers LIBRA28E and LIBRA30E, approved on June 28 the main features for a new b...
PAID Set To Raise Share Capital To RON77.37M From RON19.34M
The Romanian Pool of Insurance against Natural Disasters (PAID) has started procedures to raise its share capital to RON77.37 million from RON19.34 million by incorporating the reserves stem...
Three-Month ROBOR Jumps To 6.41% On June 29
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 6.41% a year o...
Kruk: Bad Debt Held by Romanian Banks Reaches EUR3.4B in 2021
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt c...