Banks-Insurance
Former NN Pensii Chief Raluca Tintoiu Wins Case Against Financial Regulator
Raluca Tintoiu, the former general manager of NN Pensii who decided to warn the fund's 1.9 million contributors in 2017 over political decisions that could affect their savings, has won the...
Romania Rejects All Bids for Euro-Denominated Apr 2025 Bonds
Romania's finance ministry on Thursday rejected all bids at a tender where it targeted raising EUR500 million selling April 2025 euro-denominated bonds on the local market, central bank data...
VIG Gross Underwritings In Romania Grow 3.7% YoY To EUR354M In Jan-Sept 2020
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR354.8 million in Roman...
Top Five Lenders Account For 78% Of Romania’s Entire Banking System Profit in Jan-Sept
Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic, which forced them to set aside larger provisi...
Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020
Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according...
Antitrust Body Looks into Kiwi Finance Acquisition by OLX
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan brokerage company on the Romanian market.
Romania Private Lending Grows 0.6% on Month in October
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central bank data showed Tuesday.
Romania Raises RON461M Selling Sept 2031 Bonds at 3.42% Average Yield
Romania's finance ministry on Monday raised 461 million lei (EUR94.6 million), versus its RON300 million target, selling bonds maturing in September 2031 at an average yield of 3.42%, centra...
Austria's Uniqa Posts EUR3.2M Net Profit, EUR70M Gross Underwritings In Romania Jan-Sept 2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, on Monday reported gross underwritings of...