Banks-Insurance
Real Estate Developer Impact Borrows EUR4.5M from Garanti Bank
Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type loan agreement. Impact Developer & Contracto...
Mihail Ion To Run Raiffeisen Bank’s New Capital Markets And Private Banking Division
Raiffeisen Bank on Tuesday said it appointed Mihail Ion to run its new Division of Capital Markets, Investment Banking and Personal Financial Planning Division.
Romania Banking System Reports Record Net Profit Of RON2B For 1Q/2022
The net profit generated by the entire Romanian banking system at the end of the first quarter of 2022 touched a new record high of RON1.96 billion, up 3.7% from the level reported in the sa...
Three-Month ROBOR Surges To 5.97% 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, climbed to 5.97% a year on Tues...
ING Bank Posts RON276M Profit in Romania in Q1
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.
Czech APS Buys From Bank of Cyprus A Portfolio Of Romanian EUR147M NPLs
APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repos...
Alpha Bank Romania’s Operating Profit Doubles YoY To EUR5.6M In 1Q/2022
Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first quarter of 2022, up 143% from EUR2.3 million...
Three-Month ROBOR Ends May 23-27 Week At 5.95% 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, advanced to 5.95% a year on Fri...
EBRD Expands Presence in Romania by Opening New Regional Office in Cluj-Napoca
The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional office in Cluj-Napoca, the country’s second la...