Banks-Insurance
Three-Month ROBOR Keeps Climbing, Nears 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, keeps increasing and nearing th...
Asirom Expects RON760M Gross Underwritten Premiums at End-2021, Up 20% YOY
Asirom, the second biggest insurer in Romania and part of Austria’s group Vienna Insurance Group (VIG), forecast a volume of gross underwritten premiums of around RON760 million at the end o...
Three-Month ROBOR Spikes To 2.89% A Year On Dec 20
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 2.89% a year on Monday...
Oil Terminal Calls Shareholders To Approve RON98.4M Loan To Build Tank Of 55,000 Cubic Meters
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has summoned its shareholders on December 16 to approve the contracting of a long-term investment loan worth RON98.4 mi...
IMPACT Gets EUR5M Loan From OTP Bank, Via Bergamot Developments, To Refund Investments
Impact Developer & Contractor (IMP.RO) continues the implementation of the development strategy for the next six years by signing a EUR5 million loan agreement with OTP Bank, through its sub...
Romania Raises RON228M From Banks
Romania's finance ministry on Thursday raised 228 million lei (EUR46 million) from banks by selling a new issue of bonds maturing in 2036, at an average yield of 5.32%, central bank data sho...
Patria Bank Appoints Georgiana Mihaela Stanciulescu As Deputy General Manager
The Board of Directors of lender Patria Bank on Thursday approved the appointment of Georgiana Mihaela Stanciulescu to the position of Deputy General Manager - Financial Division, member of...
Allianz-Tiriac Gross Underwritings Up 19% YoY To RON1.2B In January-September 2021
Insurance company Allianz-Tiriac on Thursday reported gross underwritings of over RON1.2 billion in January-September 2021, up over 19% on the year, with all significant business lines seein...
Metropolitan Life Jan-Sept Underwritten Premiums Hit RON389.5M, Up 29% from Year-Earlier Period
Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period...