Banks-Insurance
BSTDB Grants EUR15M Loan for Romania’s Midia Offshore Gas Development
The Black Sea Trade and Development Bank (BSTDB) has provided a EUR 15 million loan for the Midia Gas Development Project (MGD) to develop the Ana and Doina gas fields offshore Romania.
BRD Net Profit Falls 6.5% in 1Q, to RON218M
BRD Groupe Societe Generale, the third largest lender on the Romanian market by assets, on Thursday reported a net profit of RON218 million for the first quarter of 2021, down 6.5% on the ye...
100 Romanian Startups To Get Total Funding Of EUR5M Under Factory by Raiffeisen Bank Program
Raiffeisen Bank will grant total funding of EUR5 million to 100 Romanian startups, a segment on which the bank attracted over 4400 entrepreneurs throughout the three editions of the factory...
Romania Issues 1 and 3-Year Population Bonds in May
Romania's finance ministry launches two new bond issues for the general population in May with one-year and three-year maturities, available for subscription in the period May 5-26.
CEC Bank Net Profit Above Forecast Level, At RON81.7M In 1Q/2021
Romanian state-owned lender CEC Bank on Wednesday said it registered a net profit of RON81.7 million in the first quarter of 2021, above the forecast level.
MedLife Raises Existing Loan Facilities by EUR40M
MedLife group (M.RO) increased its existing loan facilities by EUR40 million euros, signing a syndicated loan in totaling EUR143 million, the company said in a statement Tuesday.
Banca Transilvania Group Reports RON656M Profit in 1Q/2021, Up 116%
Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, reported a net profit of RON656 million on group level in the first quarter of 2021, up 116% compared with the same peri...
BCR Posts RON424M Net Profit in Q1
Banca Comerciala Romana Group (BCR) held by Austria’s Erste Group, ended the first quarter with RON424.6 million net profit, slightly lower than in the year-ago period, while net interest in...
Banca Transilvania Shareholders Approve RON573.7M Capital Hike
Shareholders of Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, approved Wednesday a share capital hike of RON573.7 million from the lender's 2020 net profit and granti...