Banks-Insurance
Banca Transilvania Sees Romania’s Economy Growing 3.5% In 2022
Banca Transilvania, Romania’s largest lender by assets, has revised the country’s economic growth forecast to 3.5% in 2022, from a previous projection of 5.1%, and the gross domestic product...
Dedeman’s Paval Brothers Own Almost 1% in BRD
Adrian Paval and Dragoș Paval, shareholders of the DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, own a stake of almost 1% in BRD Soc Gen - the third largest bank...
Romania Launches Four New FIDELIS Government Bond Issues
Romania's finance ministry will be launching four new bond issues for the general population, under the Fidelis program, which can be subscribed between March 17, 2022 and April 1, 2022.
Ovidius Clinical Hospital Contracts RON80M Loan From ING Bank
The Ovidius Clinical Hospital (OCH) in Constanta has taken out a loan of RON80 million (EUR16 million) from lender ING Bank which will be used for the construction of a new building that wil...
Alpha Bank’s Loan Portfolio In Romania Tops EUR2.7B At End-2021
Lender Alpha Bank said its loan portfolio in Romania grew by 3.3% to over EUR2.7 billion at end-2021 due to a 72% increase in new corporate loans and a 46% rise in new retail loans.
Romania Raises RON683M Selling Feb 2023 Bonds At 6.53% Average Yield
Romania’s Finance Ministry reopened a bond issue due in February 2023 and raised RON683 million from banks on Monday (March 14), higher by RON183 million than the targeted level of RON500 mi...
Romania Antitrust Body Looks Into Deal Whereby Banca Transilvania Acquires Tiriac Leasing
Romania’s Competition Council is looking into the transaction whereby lender Banca Transilvania had signed an agreement with Tiriac Group in January 2022 to acquire Tiriac Leasing.
Omniasig Ends 2021 With RON1.6B Gross Underwritings, Up Over 15% Vs 2020
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, on Monday said it ended 2021 with a volume of underwritten gross premiums of over RON1.6 billion, higher...
PeliPartners Assisted Anchor Group In Contracting EUR80M Loan From Banca Transilvania
Law firm PeliPartners has assisted Anchor Grup, the owner of shopping centers Bucuresti Mall and Plaza Romania, in contracting a loan of EUR80 million from lender Banca Transilvania, necessa...