Banks-Insurance
Allianz-Tiriac Ends 1H/2021 with Underwritten Premiums Above RON768M, Up 12% YoY
Allianz-Tiriac in the first half of 2021 underwrote premiums worth over RON768 million, up 12% against the similar period of last year and around 10% higher than in 1H/2019.
Finance Ministry Reopens 2028 Bond Issue, Raises RON706M From Banks
Romania’s Finance Ministry has reopened a bond issue due in 2028 and raised RON706 million from banks on Monday, RON406 million more that it set out to, at a yearly yield of 3.65%.
CEC Bank Steps Up Tech Investments
Romanian state-owned lender CEC Bank is investing further in technology and digitalization and announces the launch of current account packages that can be accessed entirely online, with qua...
Romanian Executive Marius Dorner Takes Top Position with Citi in Russia
Romanian executive Marius Dorner will become global subsidiaries group head of Citi’s Russia, Ukraine and Kazakhstan (RUK) cluster and of Citi Russia on November 1, 2021, subject to approval...
Vista Bank Set to Hit Over EUR1.4B in Assets and 1% Market Share After Credit Agricole Takeover
Vista Bank (the former Marfin), controlled by Greek-held group Vardinogiannis, is set to reach total assets worth above EUR1.4 billion, loans of EUR800 million, deposits of EUR1.2 billion an...
ASF Starts Bankruptcy Proceedings Against City Insurance
Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider...
Vista Bank Completes Acquisition of Credit Agricole Romania
Vista Bank, a lender held by Greece’s Vardinogiannis group, has completed the acquisition of 100% in Credit Agricole Romania, after securing all the necessary approvals from Romania’s centra...
Romania Raises RON675M Selling October 2030 Bonds At 3.88% Average Yield
Romania's finance ministry on Thursday raised 675 million lei (EUR136.4 million), higher by RON175 million than planned, selling bonds maturing in October 2030 at an average yield of 3.88%,...
Deputy CEO: OTP Bank Romania Targets 5% Market Share Increase Until 2024
OTP Bank Romania, part of Hungary’s OTP Group, targets a 5% increase in market share until 2024, from 2.65% at end-2020, and the option of an acquisition still stands, Roxana Hidan, deputy C...