Banks-Insurance
Government Adopts Extension of 9-Month Loan Repayment Moratorium
Romania's government late Wednesday approved the norms extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expired a...
Consumers and Companies Saved More Than They Borrowed in 2020
The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of deposits is more than double the increase in l...
Romania Private Lending Grows 0.5% on Month in December
Private lending in Romania grew 0.5% in nominal terms and 0.1% in real terms in December compared with November, to RON282.37 billion, central bank data showed Wednesday.
Central Bank: Scandal On Electricity Market Is A Process With Significant Uncertainty That May Impact Inflation
Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction...
Financial Watchdog Fines City Insurance Board Members
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 m...
Romania Raises RON508.8M Selling October 2034 Bonds At 3.27% Average Yield
Romania's finance ministry on Monday raised 508.8 million lei (EUR104.2 million), slightly above the RON500 million level planned, selling bonds maturing in October 2034, at an average yield...
Three-Month Money Market Rate Drops To Lowest Level Since Sept 2017, Of 1.58%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, fell to 1.58% a year on Monday...
Pillar II Pension Funds Generate 6.2% Average Yield in 2020
Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and u...
Three-Month Money Market Rate Inches Up To 1.60% After Stagnating At 1.59% In Last Four Days
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, inched up to 1.60% a year on F...