Banks-Insurance
Three-Month ROBOR Spikes To 6.05% Threshold
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, surged to 6.05% a year on Monda...
Raiffeisen – UniCredit Consortium Grants EUR65.2M Syndicated Loan To Portugal’s Greenvolt Group
A consortium made up of Raiffeisen Bank International, Raiffeisen Bank Romania and UniCredit Bank Romania has granted a syndicated loan of EUR65.2 million to Portugal’s Greenvolt-Energias Re...
Tiberiu Mavrodin Proposed To Take Over As Executive Board Chairman Of CEC Bank
Tiberiu Mavrodin, a member of the Board of Directors of state-run lender CEC Bank, was proposed to take over as Chairman of the Board and replace Mirela Calugareanu, in line with banking sou...
Three-Month ROBOR Overshoots 6% Threshold
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 exceeded the 6% threshold o...
Banca Transilvania To Carry Out Stock Option Plan For Management Staff And Employees
Shareholders of lender Banca Transilvania (TLV.RO) unanimously approved at their general meetings of April 28, 2021 and of April 28, 2022, respectively, the lender’s purchase of own shares o...
Romania Forex Reserves Grow To EUR40.9B On Month In May 2022
Romania's foreign exchange reserves increased by EUR419 million in May 2022 versus April 2022, to EUR40.5 billion, central bank data showed Thursday.
Three-Month ROBOR Climbs To 5.99% A Year
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, grew to 5.99% a year on Thursda...
BCR Asigurari de Viata Ends 2021 with RON30.7M Profit
BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and intends to disburse RON24.8 million dividends...
BCR, Banca Transilvania and ING Bank Most Profitable Lenders in Romania in Q1
Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests,...