Banks-Insurance
Alpha Bank Romania Pre-Tax Profit Surges To EUR10.6M In 1H/2021
Greek-owned Alpha Bank Romania, one of the top ten lenders in Romania, reported a pre-tax profit of EUR10.6 million for the first half of 2021, higher than RON2.1 million in the same period...
I3CP Subscribes To All Newly Issued Shares For Share Capital Increase Of City Insurance
Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’...
Patria Bank Appoints Luca Victor Rogojanu As Deputy General Manager, Risk Division
The Board of Directors of lender Patria Bank a(PBK.RO) approved in its meeting of August 26 the appointment of Luca Victor Rogojanu to the position of Deputy General Manager, Risk Division,...
Central Bank: Romania’s Banking System Posts RON3.73B Profit In First Five Months Of 2021
Romania’s banking system reached a profit of RON3.732 billion at the end of the first five months of 2021, according to a presentation released by Cristian Popa, member of the Board of Direc...
EBRD Becomes Shareholder In Vestmoldtransgaz, With A 25% Stake, Starting August 25, 2021
The European Bank for Reconstruction and Development (EBRD) has become, starting August 25, 2021, a shareholder with a 25% interest in the share capital of gas transmission company Vestmoldt...
Allianz-Tiriac Relocates Its Head Office To Tiriac Tower Office Building In Bucharest
Insurance company Allianz-Țiriac has signed a lease contract to relocate its head office to the Tiriac Tower office building located in Bucharest’s Victory Square, where it will occupy three...
Romania Private Lending Grows 2.1% On Month In July 2021
Private lending grew by 2.1% in nominal terms and 1.1% in real terms to RON306.590 billion in July 2021 compared with June 2021, central bank data showed Tuesday.
Three-Month Money Market Rate Grows To 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 1.6% a year on Monday (August 23).
Romania Raises RON137.6M Selling April 2036 Bonds At 4.31% Average Yield
Romania's finance ministry on Monday raised 137.6 million lei (EUR27.8 million), below the planned RON200 million, selling a new issue of bonds maturing in April 2036, at an average yield of...