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Patria Bank To List EUR8.2M Bonds On Stock Market December 15
Banks-Insurance

Patria Bank To List EUR8.2M Bonds On Stock Market December 15

Lender Patria Bank (PBK.RO) on Friday said the Bucharest Stock Exchange has approved the admission to trading on its regulated market of EUR8.2 million worth of bonds.

Ecaterina Craciun · 11.12.2020 · 15:33 · 1 min
Banks-Insurance

Romania Raises RON781M Selling June 2026 Bonds at 2.96% Average Yield

Romania's finance ministry on Thursday raised 781 million lei (EUR99.2 million), versus RON600 planned, selling bonds maturing in June 2026 at an average yield of 2.96%, central bank data sh...

Oana Gavrila · 10.12.2020 · 16:49 · 1 min
Romania Raises RON500M Selling One-Year Bills at 2.37% Average Yield
Banks-Insurance

Romania Raises RON500M Selling One-Year Bills at 2.37% Average Yield

Romania's finance ministry on Thursday raised a planned 500 million lei (EUR102.6 million) selling one-year maturity treasury bills at an average yield of 2.37%, central bank data showed.

Oana Gavrila · 10.12.2020 · 16:44 · 1 min
Allianz-Tiriac Acquires Gothaer's Romanian Operations
Companies

Allianz-Tiriac Acquires Gothaer's Romanian Operations

Allianz-Tiriac, the second largest insurer on the Romanian market, has signed an agreement with German Gothaer Group to acquire 100% of its Romanian subsidiary Gothaer Asigurari Reasigurari.

Oana Gavrila · 09.12.2020 · 16:50 · 1 min
Romanian Insurance Market Grows 4.8% in Jan-Sept, to RON8.5B
Banks-Insurance

Romanian Insurance Market Grows 4.8% in Jan-Sept, to RON8.5B

The Romanian insurance market registered gross underwritings of RON8.5 billion in the first nine months of 2002, up 4.8% on the year, an official of the financial authority said Wednesday.

Oana Gavrila · 09.12.2020 · 12:53 · 1 min
Euroins Romania Implements Two Successive Capital Increases Worth A Total RON126M
Banks-Insurance

Euroins Romania Implements Two Successive Capital Increases Worth A Total RON126M

Euroins Romania, one of the largest insurance companies on the local market, has implemented two successive capital increases worth a total RON126 million, per data provided by company repre...

Ecaterina Craciun · 09.12.2020 · 11:42 · 1 min
Bankers Are Happy: October Fourth Best Month for Consumer Loans in 2020
Banks-Insurance

Bankers Are Happy: October Fourth Best Month for Consumer Loans in 2020

Demand for consumer loans in Romania has increased in the fall after the summer rekindled appetite for such loans, following the significant decline in the spring due to the lockdown caused...

Loredana Frățilă-Cristescu · 09.12.2020 · 10:10 · 1 min
Allianz-Tiriac Underwritings Decline 2.5% YoY To Over RON1B In Jan-Sept 2020
Banks-Insurance

Allianz-Tiriac Underwritings Decline 2.5% YoY To Over RON1B In Jan-Sept 2020

Allianz-Tiriac, the second largest insurer on the Romanian market, reported gross underwritings totaling over RON1 billion in January-September 2020, down 2.5% on the year, due to the corona...

Ecaterina Craciun · 08.12.2020 · 15:08 · 1 min
Banks Granted New Loans Totaling RON67.42B in Jan-Oct
Banks-Insurance

Banks Granted New Loans Totaling RON67.42B in Jan-Oct

Banks in Romania granted new loans to households and companies totaling RON67.42 billion in the first ten months of 2020, accounting for nearly a quarter of total private lending stock at th...

Oana Gavrila · 07.12.2020 · 17:46 · 1 min