Banks-Insurance
Romania Banking System Profit Reaches RON4.5B in Jan-Aug
Romania’s banking system, the main lender of Romania’s economy, posted almost 4.5 billion lei net profit in the first eight months, while lending increased by 5.4% on average, Romania’s cent...
Intesa Sanpaolo Romania Posts EUR4M Net Profit In Jan-Sept 2020 Vs EUR17M In Year-Earlier Period
Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, reported a net profit of EUR4 million in January-September 2020, fourfold lower than ERU17 million in the same...
Erste Profit Halves, BCR's Doubles in Jan-Sept
Erste, the Austrian financial group that owns Romanian BCR, had a net profit of EUR637 million in the first nine months of 2020, half compared with the same period last year, while BCR poste...
Raiffeisen Bank Eliminates Cash Operations in 129 Units
Around one third of Raiffeisen Bank units in Romania, 129 units, will eliminate cash operations starting November, relying on ATMs, multi-functional machines and alternative channels, the ba...
Consumer Appetite for Mortgage Loans Remains High
Romanian consumers took out almost 1.26 billion lei (EUR260 million) worth of new mortgage loans in lei in September, the second highest level in the first nine months of 2020, and 4% higher...
BCR Posts RON845M Profit Attributable to Majority Shareholder in Jan-Sept
Romanian BCR, owned by Austria's Erste, on Monday reported a net profit attributable to the majority shareholder of RON845 million (EUR175 million) for the first nine months of 2020, 142% hi...
NN Group Raises Stake in Banca Transilvania to 10.04%
NN Group and the pension funds it manages have raised their holding in Romanian lender Banca Transilvania (TLV.RO) from 9.96% to 10.04%, the bank announced Friday.
Insurance Market Posts 51% Rise in Net Profit to RON100.9M in H1
The insurance market ended the first half with 100.9 million lei profit, 51% more than in the year-ago period, Financial Supervisory authority (ASF) data show.
Romania Raises EUR1.64B Selling Nov 2022 Bonds at 0.39% Average Yield
Romania's finance ministry on Tuesday raised EUR1.647 billion, more than double its target, selling euro-denominated bonds maturing in November 2022 on the local market at an average yield o...