Banks-Insurance
Romania Raises RON158M Selling 2025 Bonds At 5.67% Average Yield
Romania's finance ministry on Monday (March 7) reopened a bond issue due in 2025, raising 158 million lei (EUR31.9 million), below the planned level, at an average yield of 5.67% a year, cen...
Three-Month ROBOR Spikes To 4.25% A Year On March 7
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, has grown to 4.25% a year on Mo...
OTP Bank Romania Posts RON58M Net Profit in 2021
OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Roma...
Central Bank Approves Zdenek Romanek for Raiffeisen Bank Romania CEO
Zdenek Romanek has been officially approved by Romania’s central bank to become chairman and CEO of Raiffeisen Bank Romania.
Three-Month ROBOR Overshoots 4% Threshold On March 4
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, has exceeded the 4% threshold o...
Mihaela Iliuta, Human Resources Director KRUK Romania: What it means to be a "debt collector" in 2022, in a market that also received the full shock of a pandemic
The local subsidiary of Polish company Kruk has grown from a team of 15 to more than 600 people in 15 years, a development that has gone hand in hand with rising debt levels of consumers and...
The debt recovery market has developed spectacularly over the last 15 years
„Debt recovery rates can be below 1% of large amounts, many years past due, and can exceed 80-90% on debts that are only a few days overdue." translated by Loredana Frățilă-Cristescu Romania...
World’s Largest Sovereign Wealth Fund Held Stake in 9 Romanian Listed Companies at End of 2021
The world's largest sovereign wealth fund, with about $1,400 billion in assets, i.e. six times what the Romanian economy produces in a single year, was a shareholder in nine companies listed...
Euroins Romania’s Gross Underwritings Up 67% YoY To RON2.2B In 2021
Euroins Romania, par of Bulgaria’s Eurohold Group, ended 2021 with underwritten gross premiums of RON2.2 billion (BGN888 million), up 67% from 2020, in line with data from the group’s financ...