Banks-Insurance
Insurers’ Assets and Liabilities Up 9% and 10% in Q1
The assets and liabilities of insurance companies increased by 9% to 10% in the first quarter of 2021 compared with the year-ago period, a Financial Supervisory Authority (ASF) report shows.
Antitrust Body Looks Into Banca Transilvania’s Acquisition Of Idea Bank
Romania’s Competition Council is looking into the transaction whereby Banca Transilvania, the largest lender in Romania, acquired in early June 2021, for EUR43 million, the entire ownership...
BRD, Garanti BBVA Romania Lend EUR120M To NE Property BV, Part Of NEPI Rockcastle Group
BRD Groupe Societe Generale and Garanti BBVA Romania have granted a loan of EUR120 million to the company NE Property BV, entirely held by NEPI Rockcastle.
Garanti BBVA Leasing, IFC Sign EUR10M Loan Agreement To Fund COVID-Hit SMEs
Garanti BBVA Leasing, part of Garanti BBVA Romania Group, on Tuesday signed a loan agreement for EUR10 million with International Finance Corporation (IFC), a member of the World Bank Group,...
BRD Net Profit Soars 55% YoY To RON629M In 1H/2021
BRD Groupe Societe Generale, the third largest lender on the Romanian market by assets, on Tuesday reported a net profit of RON628.6 million for the first half of 2021, up 55% from the same...
Allianz-Tiriac, Signal Iduna and Groupama Top Health Insurance Providers in Q1
Allianz-Tiriac ended the first quarter of 2021 with gross written premiums from health insurance of RON41.1 million, 11.4% lower than in the year-ago period and remained the leader of the he...
Romania Raises RON442M Selling October 2030 Bonds At 3.5% Average Yield
Romania's finance ministry on Monday raised 442 million lei (EUR89.8 million), higher by RON42 million than planned, selling bonds maturing in October 2030 at an average yield of 3.5%, centr...
Banca Transilvania Plans to Pay RON500M Cash Dividends from 2019 and 2020 Profits
Banca Transilvania (TLV.RO) on Friday evening notified the Bucharest Stock Exchange of its plans to distribute cash dividends from 2020 profit and net profit reserves of 2019.
Romania Continues Population Bond Issues In August 2021
Romania's finance ministry will be launching three new bond issues for the general population on August 2, 2021, which can be subscribed until August 27.