Banks-Insurance
Foreign Capital Inflows on Romanian Financial Market Drop 73% in 2020
Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into their local subsidiaries in 2020, 73% less than in 2019, wh...
VIG's Omniasig Posts 5% Growth in Underwritings in 2020, to RON1.5B
Omniasig, the biggest local insurance company owned by Austria's Insurer Vienna Insurance Group (VIG), reported gross underwritings of RON1.5 billion in 2020, up 5% compared with 2019.
Romania To Get EUR809M EIB Support for COVID-19 Resilience, Education, Energy, Private Investment
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809 million of new financing from the European Investment...
Romania Rejects All Bids for Oct 2030 Bonds on Low Demand
Romania's finance ministry on Thursday rejected all bids at a tender for bonds maturing in October 2030, where it planned to raise 400 million lei (EUR81.8 million), as interest for the issu...
Electrica Seeks to Borrow over RON1.7B to Fund Investments, Acquisitions
Romanian state-owned energy utility group Electrica (EL.RO) will seek shareholder approval on April 28 for loans totaling over RON1.7 billion from the EIB, Raiffeisen Bank and Erste to fund...
Asirom VIG 2020 Gross Underwritings Up 16% YoY To RON633M
Asirom VIG on Thursday said it registered revenue from gross underwritten premiums of RON633 million in 2020, up 16% on the year.
Private Pension Assets in Romania Grow 21% in 2020
The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared with the end of 2019, financial regulator data showed...
Romania Raises EUR230M Selling Aug 2026 Bonds at 0.66% Average Yield
Romania's finance ministry on Wednesday raised EUR230 million, above its EUR200 million target, selling bonds maturing in August 2026 on the local market, central bank data showed.
Raiffeisen Bank Profit Drops 17% in 2020, to RON644M
Lender Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, reported a a net profit of RON644 million for 2020, 17% lower than in 2019, under the impact of the pandemic an...