Banks-Insurance
Three-Month Money Market Rate Surges To 1.70%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reachi...
BRD-SocGen Expects Moderate Economic Growth in Romania in 2021
The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on...
ING Survey: Eight in 10 Romanians Try to Save More during Pandemic
Around 83% of Romanians are trying to set aside more money to adapt to pandemic-driven uncertainties, compared with a European average of 66.5%, a recent global survey by ING found.
Romanian Antitrust Body Looks into Vista Bank's Acquisition of Crédit Agricole Romania
Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania.
Three-Month Money Market Rate Grows To 1.68%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reachi...
Revolut Gets Banking License in Romania
Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the...
Patria Bank Net Profit Halves in 2020, to RON2.8M
Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported a net profit of RON2.8 million for 2020, down 48% compared with 2019.
PayU Romania: Romanian E-Commerce Market grows 36% in 2020, to EUR7B
The Romanian e-commerce market reached approximately EUR7 billion in 2020, 36% higher compared with 2019, data from online payment processor PayU showed Monday.
Erste Group Sees Romania’s Economy Growing 4.2% In 2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estima...