Banks-Insurance
Patria Bank Reports 1Q/2022 Net Banking Income of RON41.5M, Flat from 1Q/2021, and RON882,000 Net Profit
Patria Bank in 1Q/2022 reported net banking income of RON41.5 million, flat from the year-ago period, determined by the evolution of revenues from financial activity affected by market condi...
EIB And Transgaz Sign Agreement To Develop Decarbonization Strategy For Romania’s Gas Network
The European Investment Bank (EIB) and Romania’s natural gas transmission company Transgaz (TGN.RO) have signed an agreement for the provision of advisory services to prepare and develop a d...
Nuclearelectrica Places RON60M Term Deposit With Banca Romaneasca
Nuclearelectrica (SNN.OR), Romania’s sole nuclear energy producer, informed its shareholders on Thursday (May 12) that it placed with Banca Romaneasca a term deposit without extension in the...
Allianz Group’s Total Revenue Up 6.2% To EUR44B; Operating Profit Down Nearly 3% To EUR3.2B In 1Q/2022
Allianz Group, present on the Romanian market through insurance company Allianz-Tiriac, on Thursday said it ended the first three months of 2022 with total revenues of EUR44 billion, up 6.2%...
Romania Central Bank Revises Up Its Annual Inflation Forecast To 12.5% For End-2022
Romania’s central bank has revised upwards its annual inflation rate forecast to 12.5% for the end of 2022 and to 6.7% for the end of 2023, the bank’s governor Mugur Isarescu told a news con...
Three-Month ROBOR Keeps Upward Trend, Climbs To 5.44% A Year On May 12
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 5.44% a year o...
First Bank Reports RON57M Net Profit For 2021
First Bank (the former Piraeus Bank), held by American private equity investment firm J.C. Flowers, on Wednesday said it recorded a net profit of RON57.1 million for 2021, significantly high...
Three-Month ROBOR Spikes To 5.37% A Year On May 11 After Central Bank Raises Key Rate
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 5.37% a year on Wedn...
Romania Central Bank Raises Key Rate To 3.75% A Year
Romania's central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from the current rate of 3% a year, starting May 11, 2022.