Banks-Insurance
Three-Month Money Market Rate Drops To 1.54% After Stagnating At 1.59% In Last 16 Days
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.54% a year on Tuesday (May 11), after stagnatin...
Impact Developer Borrows EUR13M from Libra Bank for Real Estate Investments
Romanian real estate developer Impact Developer & Contractor (IMP.RO) said Monday it has signed two mortgage loan agreements amounting to EUR13.3 million with Libra Internet Bank, for real e...
Kearney: Retail Banks Seen Returning to Pre-Covid Performance in 3-5 Years
European retail banks will return to their pre-COVID performance within three to five years and profitability will remain under pressure for the next two years, global consultancy company Ke...
Romania Raises RON215M Selling Apr 2036 Bonds at 4.14% Average Yield
Romania's finance ministry on Monday raised 215 million lei (EUR43.6 million), a bit more than the planned RON200 million, selling a new issue of bonds maturing in April 2036 at an average y...
OTP Bank Romania Reports Net Profit Of RON7M In 1Q/2021 Versus RON11M Loss In 1Q/2020
OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON7 million in the first quarter of 2021, versus a loss of RON11...
Pillar II Pension Fund Assets Reached RON81.4B End-April 2021
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON81.4 billion at the end of April 2021, RON1.2 billion higher than a month ago and R...
IMF Mission Reviews Romania Under Article IV in May
An International Monetary Fund team headed by Jan Kees Martijn, IMF mission chief for Romania, will visit Bucharest virtually between May 10 and May 28, 2021 to undertake the annual review o...
Raiffeisen Bank Net Profit Grows 41% in 1Q, to RON198M
Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON198 million in the first quarter of 2021, 41% higher compared with the same perio...
Romania Raises RON699M Selling Nov 2024 Bonds at 2.38% Average Yield
Romania's finance ministry on Thursday raised 699 million lei (EUR141.88 million) selling bonds maturing in November 2024 at an average yield of 2.38%, central bank data showed.