Banks-Insurance
Signal Iduna Set to Buy Ergo’s Operations in Romania
Health insurance provider Signal Iduna has signed an agreement to buy insurers Ergo Asigurari and Ergo Asigurari de Viata, after takeover plans by Bulgaria’s Eurohold fell through due to the...
Intesa Sanpaolo Romania Operating Revenue Down 11.9% YoY To EUR10M In 1Q/2021
Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, on Thursday said it ended the first quarter of 2021 with operating revenue of EUR10 million, down 11.9% from t...
Romania Rejects All Bids for June 2026 Bonds
Romania's finance ministry on Thursday rejected all bids for treasury bonds maturing in June 2026 on low demand, central bank data showed.
Artesana Gets CEC Bank Financing for Its EUR5M Factory
Romanian lender CEC Bank will be financing the construction of a new factory built by local dairy producer Artesana in a EUR5 million investment.
VIG Underwritings in Romania Grow 16% in 1Q, to EUR146.2M
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported gross underwritings of EUR146.2 million on the local market in the f...
Ex PM Viorica Dancila To Advise on Strategy within Central Bank Euro Entry Dept
Romania's former social-democrat prime minister Viorica Dancila has not been appointed advisor to the central bank governor but will advise on strategy issues within the central bank's euro...
Patria Bank Switches to Profit in 1Q/2021 from 1Q/2020 Loss
Lender Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), on Tuesday reported a net profit of RON453,000 for the first quarter of 2021, from a loss of R...
Ex PM Viorica Dancila Appointed Advisor to Central Bank Governor
Romania's former social-democrat prime minister Viorica Dancila has been appointed advisor to central bank governor Mugur Isarescu, the central bank confirmed Tuesday.
Vox Property Group Gets EUR19.5M Loan from CEC Bank
Developer Vox Property Group has contracted a loan of EUR19.5 million from CEC Bank to consolidate previous debt and fund projects under development.