Banks-Insurance
CEC Bank Grants RON175M Loan For Construction Of ClusterPower Data Center
Romanian state-run lender CEC Bank provides a pre-financing loan of RON175.3 million, over an 11-year period, for the construction of the ClusterPower data center located in Dolj County, a g...
Banca Transilvania Profit Up 58% in First 9 Months of 2021, to RON1.7B vs Year-Earlier Period
Banca Transilvania (TLV.RO), Romania’s biggest lending institution, for the first nine months of this year reported consolidated net profit worth RON1.67 billion, against RON1.056 billion in...
Three-Month ROBOR Keeps Upward Trend, Surges To 2.58% A Year On Nov 11
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 2.58% a year on Thursda...
Law Firm Filip & Company Assists Electrica In Contracting RON750M Loan
Law firm Filip & Company has assisted Electrica (EL.RO), one of the main actors on the energy supply and distribution market in Romania, in contracting a loan worth EUR750 million from Erste...
Allianz Group Hits EUR9.9M Operating Profit in Jan-Sept 2021, Up 27.2% YoY
Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, a...
Antitrust Body Clears Acquisition Of Ergo Insurance Companies In Romania By Signal Iduna
Romania’s Competition Council has approved the transaction whereby life and health insurer Signal Iduna Asigurare Reasigurare SA is acquiring insurance companies Ergo Asigurari SA and Ergo A...
Three-Month ROBOR Surges To 2.55% A Year After Central Bank Raises Key Rate
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 2.55% a year on Wednesd...
Romania Central Bank Raises Key Rate To 1.75% A Year
Romania's central bank on Tuesday (November 9) raised its benchmark interest rate to 1.75% a year from 1.5% a year, starting November 10, 2021.
FLOWX.AI Raises $8.5M In Seed Funding To Help Banks, Firms Build Modern Digital Systems
FLOWX.AI, an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences unbounded from the limitations of thei...