Banks-Insurance
World Bank Group President David Malpass To Visit Romania On April 13-14
David Malpass, President of the World Bank Group, will arrive in capital Bucharest on Wednesday, April 13, 2022, for a two-day visit, which will be his first trip to Romania as World Bank Gr...
Tradesilvania Partners With TechVentures Bank
Tradesilvania, the premium platform for investing in digital goods, has concluded a new strategic partnership with TechVentures Bank whereby Romanians will be able to safely access digital a...
Euroins Becomes Romania’s Insurance Market Leader in 2021 after City Insurance Collapse
Euroins Romania is the new leader of the local insurance market, with over RON2.19 billion gross underwritten premiums at end-2021, up 67.4% from 2020, equaling a 15.4% market share, in line...
Finance Ministry Raises RON650M From Banks on April 7
Romania’s Finance Ministry raised RON650 million from banks via two government paper auctions at an annual yield of 6.49% and 6.37% on Thursday, April 7.
PwC: Over 80% Of Central Banks Consider Launching A Digital Currency Or Already Done So
Over 80% of central banks are considering launching a central bank digital currency (CBDC) or have already done so, according to the 2022 PwC CBDC Global Index that analyses and ranks the le...
BCR To List RON351M Bond Issue On Bucharest Stock Exchange On April 8
Banca Comerciala Romana (BCR), the second largest bank in Romania by assets, will be listing a new corporate bond issue worth RON351.5 million, under the stock ticker BCR27, on the Main Mark...
OTP Group Starts Integration Of A New Platform- FLOWX.AI
OTP Group, also present in Romania through OTP Bank Romania, has started the integration of a new platform, FLOWX.AI, the low-code/no-code provider in the enterprise space, to accelerate and...
Three-Month ROBOR Surges To 4.68% A Year On April 6
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 4.68% a year on Wedne...
Moody's Upgrades Alpha Bank Romania's Deposit Ratings To Ba1; Outlook Changed To Stable From Positive
Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable...