Banks-Insurance
Patria Bank, Qualitance Team Up To Develop Digital Products
Software and technology company Qualitance and Patria Bank have concluded a partnership aimed at developing digital products for the bank’s clients.
Top Three Lenders Account for 58% of Entire Banking System Profit in 2020
Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions.
Romania Raises RON300M Selling Oct 2034 Bonds at 3.89% Average Yield
Romania's finance ministry on Monday raised a planned 300 million lei (EUR61.2 million) selling bonds maturing in October 2034 at an average yield of 3.89%, central bank data showed.
MedLife Seeks EUR40M Syndicated Loan to Fund Expansion
Private medical services group MedLife said Friday it was in advanced talks to sign a new syndicated loan of EUR40 million to fund its expansion.
Romania Raises Eurobond Issuance Cap to EUR46B from EUR41B
Romania's finance ministry has raised the ceiling on the Medium Term Notes program to EUR46 billion from EUR41 billion to cover the country's financing needs this year.
City Insurance Remains Leader of Romania Insurance Market in 2020
City Insurance remained the leader of the insurance sector at the end of 2020 on a market that reached RON11.5 billion gross written premiums, an increase of 4.6% on 2019, a Financial Superv...
Banca Transilvania Seeks To Raise Share Capital By RON574M
Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, plans to increase its share capital by RON574 million from its 2020 net profit, by offering one free share for ten...
Romania Raises RON420M Selling Oct 2027 Bonds At 2.81% Average Yield
Romania's finance ministry on Thursday raised 420 million lei (EUR86 million), selling bonds maturing in October 2027 at an average yield of 2.81%, central bank data showed.
Romania Insurance Market Grows 4.6% in 2020, to RON11.5B
Insurance companies operating on the Romanian market reported total underwritings of RON11.5 billion in 2020, up 4.6% compared with 2019, the country's financial regulator said in a report T...