Banks-Insurance
Intesa Sanpaolo Romania Reports EUR2M Net Profit, EUR1.4B Assets For 2021
Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, reported a net profit of EUR2 million and a pre-tax profit of EUR5 million, in line with data released by Inte...
Groupama Set to Focus Further on Business Line Development
Francois Coste, CEO of Groupama Asigurari says he expects 2022 to be a year of sustainable growth for the company, as well as a year to strengthen the good results generated in 2021. The com...
Fitch Ratings Revises Romanian Garanti Bank’s Outlook To Stable
International rating agency Fitch Ratings has revised Garanti Bank S.A.’s (GBR) Outlook to Stable from Negative, while affirming the Romanian bank’s Long-Term Issuer Default Rating (IDR) at...
Romania Continues Population Bond Issues In February 2022
Romania's finance ministry will be launching three new bond issues for the general population on February 7, 2022, which can be subscribed until September 24.
Three-Month ROBOR Climbs To 3.11% A Year On Feb 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, spiked to 3.11% a year on Frida...
Romania Banking System Hits Record Profit Of RON8B In 2021 Despite Pandemic
Romanian banking system profit for the entire 2021 may climb to a record high of around RON8 billion or even more, despite the pandemic, given that gains topped RON7.5 billion after the firs...
Romania Raises RON708M Selling 2027 Bonds At 5.05% Average Yield
Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON708 million from banks on Thursday (Feb 3), above the targeted level of RON600 million, at a yearly yield o...
ING Bank Romania Creates Sustainability Department
ING Bank Romania is turning its Department of Corporate Social Responsibility, set up in 2012, into a Sustainability Department, in line with the transition to a green economy and the develo...
New Retail Loans Reach 15-Year High in 2021
New consumer and mortgage loans taken by consumers from banks, in lei and euros, accelerated in 2021 to a 15-year high, after declining in 2020, the first year of the COVID-19 pandemic, Roma...