Banks-Insurance
Insurer Asirom Introduces AI in Damage Assessments for Car Insurance Policies
Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process f...
BRD Grants EUR20M Loan to Ana Hotels for Athenee Palace Renovation
Romanian lender BRD Groupe Société Générale has granted a EUR20 million loan to Ana Hotels group for the renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in...
VIG Posts EUR14.2M Pre-Tax Profit in Romania in 2020 vs. EUR101M Loss in 2019
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from...
Banks in Romania Sit on Cash Again in February
The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s...
Romania Rejects All Bids for June 2026 Bonds
Romania's finance ministry on Monday rejected all bids at a tender where it planned to raise 400 million lei (EUR81.9 million) selling bonds maturing in June 2026, central bank data showed.
OTP Bank Romania Posts RON22M Profit in 2020
OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON22 million in 2020, lower than in 2019 due to increased risk co...
Romanian Parliament Rejects Bill Seeking to Cap Interest Rates on Retail Loans
Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.
Romania’s Banking System Posts Over RON5B Profit in 2020
Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.
Romania Raises RON461M Selling June 2023 Bonds at 2.24% Average Yield
Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, cen...