Banks-Insurance
How Financial Institutions and NBFIs Should Prepare for a Smooth Transition to IFRS 9
IFRS means a better, truer and more complete view of financial reporting. But the transition is a complex and resource-intensive process.
Banca Comerciala Romana Launches New Bond Issuance Worth RON351.5M
Lender Banca Comerciala Romana (BCR) has launched a new issuance of bonds denominated in Romanian lei and worth RON351.5 million, thus continuing the strategy of expanding financing sources.
Lucica Pitulice Takes Over As Chief Financial Officer At ING Bank Romania
ING Bank Romania on Thursday announced that Lucica Pitulice would take over the position of Chief Financial Officer (CFO), starting with Friday, April 1, 2022
Loan Reference Index IRCC Grows To 1.86% From 1.17%
The IRCC, the loan reference index published quarterly by Romania’s central bank, has increased to 1.86% from 1.17%.
Three-Month ROBOR Keeps Growing, Hits 4.60% A Year On March 31
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, kept the upward trend of the pa...
EBRD Cuts Romania’s 2022 Economic Growth Forecast To 2.8%
The European Bank for Reconstruction and Development (EBRD) said in an analysis on Thursday that it expects Romania’s economy to grow by 2.8% in 2022, lowering its November forecast that poi...
Banca Transilvania Wants to Boost Lending and Assets by Around 10% and Profit by 18%, to Over RON2B
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate RON2.1 billion net profit this year, 18% above the 2021 gain, as it projects rising...
BCR Seeks To Pay Out Dividends Worth Nearly EUR200M
Banca Comerciala Romana (BCR), the second largest lender on the local market by assets, reported for 2021, on an individual level, a net profit of almost RON1.38 billion, of which the bulk,...
BCR Takes New Bond Issue to Bucharest Stock Exchange
Bucharest Stock Exchange system processed RON351.1 million funding for BCR bonds (BCR27.RO) on March 29, 2022, which means the second largest bank in Romania sold bonds to investors, among w...