Banks-Insurance
CEC Bank Net Profit Grows 13% YoY To Over RON208M In 1H/2021
Romanian state-owned lender CEC Bank reported a preliminary net profit of RON208.4 million in the first half of 2021, up 13% from the same period in 2020 and above the budgeted level.
Safety Broker’s 1Q Brokered Gross Premiums Up 23.4% To RON335M
Safety Broker, leader on the insurance brokerage market, ended the first quarter of 2021 with a volume of brokered gross premiums of RON355 million, up 23.4% from the year-earlier period, pe...
One United Properties Gets EUR78M Loan From BCR, BRD, Erste Bank To Fund One Cotroceni Park Project
One United Properties, one of the most active developers of residential, office and mixed-use projects in capital Bucharest, announces the closing of an agreement of up to EUR78 million in o...
Romania Private Lending Grows 1.4% on Month in June
Private lending grew by 1.4% in nominal terms and 1.1% in real terms to RON300.3 billion in June compared with May, central bank data showed Wednesday.
Romanian Households’ Net Wealth Up from RON1,274B in 2011 to RON2,414B in 2020
Romanian households’’ net wealth has increased 1.9 times in the past decade, going from RON1,274 billion in 2011 to an all-time high of RON2,414 billion (almost EUR500 billion) in 2020.
Insurance Sector Assets Reach 2.27% of GDP in 2020
The non-bank financial system assets reached RON143.46 billion in 2020, an increase of 8% year-on-year and accounted for 13.59% of the GDP. This is a new high and 2.27% of it comes from the...
NEPI Rockcastle Gets EUR73.5M from IFC for Green Projects in Romania
IFC, a member of the World Bank group, has agreed to provide a EUR73.5 million loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, the largest retail property owner in Cent...
Allianz-Tiriac, Most Profitable Insurer in Romania in 2020
Allianz-Tiriac, the third largest insurer in Romania, ended 2020 with RON153.8 million net profit, 1.3% higher than in 2019, which makes it the most profitable insurer of all general and lif...
Household Debt Up 4.26%, Corporate Debt Up 4.35% YoY in Q1
Romanian households’ debt reached about RON172.4 billion (EUR35.2 billion) at the end of the first quarter of 2021, an increase of about 4.26% on the year-ago period, while corporate debt ro...