Banks-Insurance
First Bank Appoints Anca Petcu As Chief Operations Officer
First Bank, held by US investment fund J.C. Flowers, has appointed Anca Petcu to the position of Chief Operations Officer (COO).
ING Bank Romania Recruits Eleni Skoura To Lead Its Retail Banking Division
Eleni Skoura, executive director of the Retail Products & Segments division of BCR Erste, will take over the position of Head of Retail Banking and member of the Executive Committee of ING B...
Romania Raises RON648M Selling Debt on Local Market
Romania's finance ministry on Thursday raised a total of 648 million lei (EUR131.5 million) selling January 2028 bonds and 7-month bills on the local market, central bank data showed.
Three-Month Money Market Rate Drops To 1.49% A Year On July 7
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, dropped to 1.49% a year on Wednesday (July 7), after stag...
Romanian Central Bank Keeps Policy Rate on Hold
Romania's central bank on Wednesday decided to hold the benchmark interest rate at a record low of 1.25% a year, despite rising inflation.
eMAG Gets Syndicated EUR37.55M Loan from Raiffeisen Bank, EBRD for Logistic Park
Raiffeisen Bank and the European Bank for Reconstruction and Development (EBRD) will extend a syndicated loan totaling EUR37.55 million to Romanian retailer eMag, under an agreement signed T...
Romania ‘Risks’ 10% Economic Growth in 2021
The COVID-19 crisis was less severe than bankers feared, and the current scenario is even better than their most optimistic expectations.
Stake in Banca Transilvania Changes Hands for RON24.4M
A 0.16% stake in lender Banca Transilvania (TLV.RO) changed hands on the stock market Tuesday for RON24.4 million.
NN Pension Funds Raise Stake in Nuclearelectrica to Over 5%
NN Group and the pension funds it manages have raised their holding in Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) to 5.01%, the issuer said in a stock market repor...