Banks-Insurance
Romanian Government Sells New Bond Issues on Capital Market in March
Romania's finance ministry is listing three Fidelis bond issues for the general population on the Bucharest Stock Exchange in a primary offer running between March 1 and March 19.
BCR Net Profit Grows 27% in 2020, to RON814.1M
Erste's Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, on Friday reported a net profit of RON814.1 million (EUR168.3 million) for 2020, 27% higher than in 201...
Banca Transilvania Ends 2020 With RON1.48B Net Profit, RON4.5B Operating Revenue At Group Level
Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, ended 2020 with a net profit of RON1.476 billion, at group level, down 20% on the year, and operating revenue of R...
Uniqa Posts EUR3.2M Net Profit in Romania in 2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.2 million i...
Life Insurance Up 28% to RON2.22B in Romania in Past Decade
Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, how...
Romania Private Lending Grows 0.4% on Month in January
Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion, central bank data showed Tuesday.
Romania Rejects All Bids For January 2028 Bonds
Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei (EUR102.5 million), central bank data showe...
Romania’s Banking System Profit Shrinks 19.5% to RON5.1B in 2020
Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while...
Allianz Group, Also Present In Romania, Ends 2020 With 9.3% Lower Operating Profit, Of EUR10.8B
German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating profit of EUR10.8 billion, down 9.3% on th...