Banks-Insurance
Pillar II Pension Fund Assets Grow by RON3B in January
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON78.2 billion at the end of January, RON3 billion higher compared with the en...
Allianz Pension Funds Reach 5.01% Holding in Transgaz
Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding thre...
Fitch Affirms Romanian Garanti Bank At 'BB-'; Outlook Negative
International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', pe...
Romania Raises EUR936M Selling Aug 2026 Bonds at 0.65% Average Yield
Romania's finance ministry on Wednesday raised EUR936 million from the local market, versus its EUR200 million target, selling a new issue of treasury bonds maturing in August 2026 at an ave...
Romania Raises EUR309.7M Selling Dec 2023 Bonds at 0.09% Average Yield
Romania's finance ministry on Wednesday raised EUR309.7 million from the local market selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.
Financial Watchdog: Romania Insurance Grows 5% To RON11.5B In 2020
Romania’s insurance market reached a volume of underwritten gross premiums of RON11.5 billion in 2020, up 5% compared with 2019, according to Romania’s Financial Supervisory Authority (ASF).
BRD CEO: Funding Via IMM Invest Program Reaches RON930M
BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930 million, per data presented by François Bloch,...
BRD Net Profit Declines 37% in 2020, to RON951.5M
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.
New Retail and Corporate Loans in Lei Reach 14-Year High in 2020
The volume of new leu loans for consumers and companies rose to a 14-year high, RON68.5 billion in 2020. The volume of new loans in lei is double the level of ten years ago and 3.4% higher t...