Banks-Insurance
Dentons Advised Syndicate Of Banks On Financing Supernova Group’s Acquisition Of Cora Retail Portfolio
Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the a...
EIB Confirms Latest EUR90M Long-Term Loan From EUR210M Facility For Electrica Group
The 15-year EUR90 million loan granted by the European Investment Bank (EIB) to Distribuie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Gro...
Romania Forex Reserves Up to EUR40.4B End-December
Romania’s foreign reserves stood at EUR40.4 billion at the end of 2021, compared with EUR39.2 billion on November 30, central bank data showed on Monday.
Three-Month ROBOR Starts 2022 Higher
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, increased by to 3.02% on Monday...
NPL Ratio in Romania Down to Less Than 4% in 2021
The average ratio of non-performing loans (NPL) in the Romanian banking system fell below 4% of total loans in the first ten months of 2021, Romania’s central bank data show.
Central Bank: IRCC Index For New Loans To Be Granted In 1Q/2022 Climbs To 1.17%
The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previ...
Three-Month ROBOR Tops 3% Threshold On Last Day Of 2021
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, increased by 0.66% on the day t...
Three-Month ROBOR Nearing 3% Threshold
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, increased by 1.01% on the day t...
BRD Simfonia Reaches 93,000 Participants End-Dec 2021, 32% More YoY
Open-end investment fund BRD Simfonia, managed by BRD Asset Management, has reached a total 92,942 investors on December 27, 2021, being the fund with the most investors on the local market...