Banks-Insurance
Banca Comerciala Romana Ends 2021 With RON1.4B Net Profit, Up 73% YoY
Lender Banca Comerciala Romana (BCR) on Monday said it registered a net profit of RON1.4 billion (EUR286.5 million) in 2021, up 73.0% from RON814.1 million (EUR168.3 million) in 2020, due to...
Three-Month ROBOR Rises to 3.78% a Year on Feb 25
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, grew to 3.78% a year on Friday...
Banca Transilvania Operating Revenue Up 10% to RON4.3B, Net Profit Up 49% to RON1.7B in 2021
Banca Transilvania ended 2021 with operating revenue worth RON4.3 billion, up 10.4% and net profit of RON1.7 billion, 49% above the 2020 level.
BRD to Distribute RON1.7B as Extraordinary Dividends
France’s Société Générale, which owns 60.2% of lender, BRD, voted on Thursday to approve RON1.7 billion in dividends from 2019 and 2020 retained profits, or RON2.4164 per share, as an extrao...
Transelectrica And EIB Strengthen Cooperation To Speed Up Investments In Romania Energy Sector
Romanian state-run power grid operator Transelectrica (TEL.RO) and the European Investment Bank (EIB) will intensify their cooperation in order to consolidate and accelerate investments in t...
Three-Month ROBOR Soars To 3.61% A Year On Feb 24
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, grew to 3.61% a year on Thursda...
Romanian Firms Recovering After Economic Shock Of COVID-19 Pandemic, EIB Survey Finds
Covid-19 was a huge economic shock, but the Romanian economy has shown resilience and its recovery is ongoing, as per the Investment Survey of the European Investment Bank (EIB).
Raiffeisen Bank Lends EUR20M To Bihor County Council For Road Infrastructure Upgrades
The Bihor County Council has signed a credit contract of RON100 million (EUR20 million) with lender Raiffeisen Bank, with a 12-year reimbursement period.
Raiffeisen Bank Rakes in EUR173M Profit from Romania in 2021, Up 31.8%
Austrian group Raiffeisen Bank International reported net profit worth EUR173 million from Romanian operations in 2021, up 31.8% from the 2020 gain.