Banks-Insurance
EBRD, SWG Launch Intensive Startup Accelerator Program In Bucharest
The European Bank for Reconstruction and Development (EBRD) announced that it was continuing its partnership with Startup Wise Guys (SWG), one of the leading startup accelerators in Europe,...
Three-Month ROBOR Jumps To 4.73% A Year On April 21
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 4.73% a year on Thurs...
Population and Company Indebtedness Quickens by Over 10% in 2021 YOY, Fastest Since 2008
Total population and company debt at end-2021 reached RON425.6 billion (EUR86.5 billion), up by RON40.2 billion or 10.4% from the 2020 level. The indebtedness growth pace sped up in 2021, to...
France’s BNP Paribas Seeks to Sell Cetelem Operations in Romania and Rest of Region
France’s BNP Paribas is interested in selling Cetelem's operations in the region, market sources say. It would like to sell the whole package to a single buyer, but in some cases, there is i...
Idea::Bank's Integration Into Banca Transilvania Group To Be Finalized On June 13, 2022
Banca Transilvania (BT.RO), the largest bank in Romania by assets, will be finalizing the integration of Idea Bank into Banca Transilvania financial group on June 13, 2022, almost one year s...
OTP Bank Romania Unveils New Financing Solution For Farmers
Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.”
Fitch Downgrades Romanian Garanti Bank’s SSR To ‘B’; Affirms IDR At ‘BB-‘/Stable
Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with Stable...
Romania Raises RON579M Selling Bonds At 6.68% Yield
Romania’s Finance Ministry reopened a bond issue due in July 2029 and raised RON579.4 million from banks on Thursday, above the planned level of RON300 million, at an annual yield of 6.68%.
BCR Launches ADA Chatbot That Provides Assistance To Entrepreneurs On Funding Programs
Lender Banca Comerciala Romana (BCR) on Thursday announced the launch of the ADA chatbot, the virtual assistant that provides accurate and fast information for both retail and corporate acti...