Banks-Insurance
I3CP Still Wants to Buy City Insurance
Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided...
Banca Transilvania Shareholders Approve Distribution of RON500M Dividends
The shareholders of Banca Transilvania (TLV.RO), the largest lender in Romania, on Wednesday approved distribution of dividends using RON425.75 million from the 2020 profit and RON74.25 mill...
First Bank Posts 2.5-Fold Jump In 1H Net Profit To RON54M
Lender First Bank (the former Piraeus Bank), held by US investment fund J.C. Flowers, on Wednesday reported a net profit of RON54 million for the first half of 2021, 2.5-fold higher on the y...
Banca Transilvania Concludes Market Maker Agreement With Raiffeisen Centrobank
Lender Banca Transilvania (TLV.RO) said in a stock market report Tuesday that it entered into an agreement with Raiffeisen Centrobank AG for the provision of the Issuer Market Maker (IMM) se...
Three-Month Money Market Rate Tops 1.6% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.61% a year on Tuesday (Sept 7), after stagnatin...
New Consumer Loans in Lei Hit 14-Year Peak in July
Romanian consumers took out more than RON2.87 billion new consumer loans in July 2021, the highest monthly volume in 14 years and 37.3% higher on the year-ago month.
Euroins Romania Underwritings Grow 7% YoY To Over RON720M In 1H/2021
Euroins Romania, part of Bulgaria’s Eurohold group, reported 7% higher underwritten premiums in the first half of 2021, up to over RON720 million (289 million levs).
Roxana Maria Hidan To Run New Business Division Of OTP Bank Romania
Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which includes the operating activities for private indivi...
Number Of Romanians With More Than EUR100,000 In Banks Tops 50,000 1H/2021
A total 50,046 private individuals in Romania had more than EUR100,000 in bank deposits at the end of the first half of 2021, with a combined value of RON52.8 billion (some EUR10.8 billion),...