Banks-Insurance
Banca Comerciala Romana Cuts Romania’s 2021 GDP Growth Forecast To 6.4%
Lender Banca Comerciala Romana has lowered its economic growth projection for Romania to 6.4% in 2021, versus 7.4% previously, after the country’s statistics board INS revised its GDP data o...
Raiffeisen Bank Lowers Romania GDP Growth Projection To 6.2% For 2021
Lender Raiffeisen Bank has revised downwards its economic growth projections for Romania to 6.2% from 7.5% previously after the country’s statistics board INS released the GDP data for the t...
TEILOR Gets Financing Worth Over EUR8M From EximBank To Speed Up Company Growth
TEILOR, the chain of luxury jewelry stores present across the CEE region, has received a credit line and an investment credit in the total amount of EUR8.47 million from EximBank.
Three-Month ROBOR Rises To 2.60% A Year On Nov 16
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 2.60% a year on Tuesday...
Patria Bank Hits RON7.2M Net Profit in Jan-Sept 2021, Up 20% from Year-Earlier Period
Patria Bank ended the first nine months of 2021 with net profit worth RON7.2 million, up 20% from the same period of 2020, mainly supported by the favorable trend of operating revenues and t...
SIF Banat Crisana Sells EUR15M Worth of Erste Bank Shares
Financial investment company SIF Banat Crisana (SIF1.RO) sold shares in Erste Bank (EBS.RO) - the Austrian group that owns BCR in Romania - for about EUR15 million euros (RON75 million) in t...
ING Tech Set To Open Its Second Office In Romania, In Cluj-Napoca
The software development hub of ING Group is getting ready to enter a new IT market in Romania, by opening an office in Cluj-Napoca (north-western Romania) in the coming period.
EIB To Provide EUR305M Financing For Construction Of New Regional Hospital In Cluj
The European Investment Bank (EIB) will provide financing worth EUR305 million for the construction of a new Regional Hospital in Cluj, of a total cost of the project estimated at over EUR50...
Euroins Romania Reports 5% Rise In RCA Policies In Jan-Sept 2021 Up To 4.2 Million
Euroins Romania, which remained leader on the civil liability car insurance (RCA) segment after the recent collapse of City Insurance, continues the strategy of reducing its exposure in the...