Banks-Insurance
CEC Bank Posts RON274.2M Profit in Jan-Sept
Romanian state-owned lender CEC Bank reported a net profit of RON274.2 million for the first nine months of 2020, while its assets grew 14% since the beginning of the year, to RON37.5 billio...
Alro Extends Two Syndicated Credit Facilities Of $150M Until 2023, Under EximBank Coordination
Alro Group (ALR.RO), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, extended until 2023, two syndicated credit facilities in the tot...
139 Branches Closed in Romania’s Banking System in Jan-Sept
Banks operating in Romania had 3,879 branches and offices, while the number of employees went down to 52,757 in the first nine months, Romania’s central bank data show.
Jan Kees Martijn Appointed IMF Mission Chief for Romania
The International Monetary fund has appointed Jan Kees Martijn as the new mission chief for Romania, starting November 19, the representative office of the IMF said in a press release Friday...
Romania Raises RON537M Selling Oct 2030 Bonds At 3.31% Average Yield
Romania's finance ministry on Thursday raised 537 million lei (EUR70.3 million), above the RON300 million level planned, selling bonds maturing in October 2030, at an average yield of 3.31%,...
Romania’s Banking System Posts Some RON4.7B Profit in Jan-Sept
Banks in Romania posted about 4.7 billion lei profit in the first nine months of 2020, their assets reached a new high, while the loan-to-deposit and NPL ratios went down compared with the y...
Investors Bought RON805M Worth Of Govt Bonds In Eight Days
Individual investors bought RON804.7 million worth of Fidelis government bonds for the general population during an eight-day period, from November 9 until November 18, 2020, brokers' data s...
ING Bank Romania Posts 2% Hike In Total Revenue, 26% Decline In Net Profit In Jan-Sept 2020
Lender ING Bank Romania on Wednesday said its total revenue grew 2% in January-September 2020, to RON1.57 billion, and its net profit dropped 26% on the year, to RON443 million.
Corporate Lending Growth Picks Up Speed in September
September came with a fast-paced rise in corporate lending, after a visible rebound in the summer months, when it recovered from the decline in the spring months caused by the lockdown due t...