Banks-Insurance
EximAsig 2021 Underwritings Hit RON29.9M
EximAsig, the insurance-reinsurance company majority held by EximBank, ended 2021 with gross underwritten premiums worth RON29.9 million, while the number of insurance contracts doubled from...
First Bank Grants Green Loans To Firms That Want To Install Photovoltaic Panels For Energy Efficiency
First Bank grants loans with 50% discount to companies that want to install photovoltaic panels to recover their electricity costs. Thus, companies can become prosumers and, by implementing...
Romania Central Bank Raises Key Rate To 3% A Year
Romania's central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022.
TBI Bank, Also Present In Romania, Ends 2021 With Net Profit Of EUR27.5M, Up 39% YoY
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said...
Romania Raises RON222M Selling 2036 Bonds At 6.48% Average Yield
Romania's finance ministry raised 221.2 million lei (EUR44.7 million) on Monday (April 4) selling bonds maturing in 2036, at an annual average yield of 6.48%.
Dentons Assists Romgaz In Obtaining EUR325M Loan Facility To Buy Exxon's Stake In Neptun Deep Project
Law firm Dentons said in a statement that it advised Romanian natural gas producer and supplier Romgaz (SNG.RO) on contracting a credit facility worth EUR325 million to partly fund the acqui...
Romania Issues 1 and 3-Year Population Bonds As Of April 4
Romania's finance ministry will be launching two new bond issues for the general population, under the Tezaur program, with one-year and three-year maturities, available for subscription in...
Romania Forex Reserves Drop To EUR40.1B On Month In March 2022
Romania's foreign exchange reserves decreased by EUR1.73 billion in March 2022 versus February 2022, to EUR40.1 billion, central bank data showed Friday.
Three-Month ROBOR Stays Put At 4.6% A Year On April 1
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, stagnated on Friday (April 1) a...