Banks-Insurance
ING Bank Romania Grants Second Loan Facility, Of RON10M, To Agrinvest Credit IFN
ING Bank Romania has granted the second loan facility of RON10 million (EUR2 million) to the company Agrinvest Credit IFN specialized in financing the Romanian agricultural sector.
Doru Lionachescu Appointed President Of BT Capital Partners
Doru Lionachescu, member of the Board of Directors of Romania's largest lender Banca Transilvania, was elected President of brokerage firm BT Capital Partners by the company’s Executive Boar...
Nuclearelectrica Deposits RON52.5M with CEC Bank
Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated interest deposit, the company placed a RON52.5 mil...
Patria Bank Increases Share Capital By RON16.3M
Lender Patria Bank (PBK.RO), held by investment fund Emerging Europe Accession Fund (EEAF), said in a stock market report on Friday that, within the share capital increase operation approved...
International Investment Bank Attracts RON105M On Romanian Market Via 3-Year Maturity Bond Issue
The International Investment Bank (IIB), founded in 1970 by several countries including Romania, on Friday said it started the implementation of the financing plan for 2022, with two transac...
Romania Raises RON1.1B Via Two Bond Issues
Romania's finance ministry on Thursday raised RON1.15 billion selling bonds maturing in 2026 and 2030, at annual average yields of 4.99% and 5.35%, respectively.
Romania Raises $2.4B Selling 5 and 10-Year Bonds
Romania's finance ministry has raised a total $2.4 billion tapping international markets with US dollar-denominated five and ten-year bonds, including the refinancing of dollar-denominated b...
McKinsey: Romania Banking Sector Sees Profitability Drop To 8.26% In 2020 Vs. 11% In 2019
The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in...
BCR 2022 Budget: 7.7% Higher Revenues, around 11% Lending and Profit Growth
BCR, the second biggest bank in Romania by assets, expects operating revenues, profit and assets to increase in 2022, amid stronger lending.