Banks-Insurance
CEC Bank Contracts EUR50M From European Investment Bank For SME, Midcap Financing
Romanian state-owned lender CEC Bank has concluded a new financing agreement, worth EUR50 million, with the European Investment Bank (EIB), through dedicated financing schemes for the econom...
Romania Raises RON415.5M Selling Oct 2030 Bonds at 3.56% Average Yield
Romania's finance ministry on Monday raised 415.5 million lei (EUR85.2 million), versus its RON300 million target, selling bonds maturing in October 2030 at an average yield of 3.56%, centra...
Private Pension Assets in Romania Top EUR14B in Jan-Sept
The assets managed by private pension funds (Pillar II and Pillar III) reached RON72.58 billion (EUR14.8 billion) at the end of September, up 17.96% compared with September 2019, data from R...
Romania Private Lending Grows 1.1% on Month in September
Private lending in Romania grew 1.1% in nominal terms and 1.2% in real terms in September compared with August, to RON277.5 billion, central bank data showed Friday.
EIB Grants EUR190M Support for Romanian Companies Most Impacted by COVID-19
The European Investment Bank (EIB) said Thursday it was granting EUR190 million support to Romanian companies in manufacturing, commerce, agriculture and tourism, sectors that were hardest h...
Innova Confirms Plans to Buy PayPoint's Romanian Operations
Polish private equity fund Innova Capital confirmed on Thursday it has agreed to buy PayPoint Romania and the acquisition will support further development of payment services on the local ma...
Lending to Agriculture Sector Up Over 12% in August
Lending to agriculture sector rose by 12.4% at the end of August 2020 compared with the year-ago month, tripled the total private lending growth rate, Romania’s central bank data show.
Three-Month Money Market Rate Grows To 2.15% After 13 Days Of Stagnation
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 2.14% a year on Tuesday (October 20).
NN Group Earmarks RON31.9M for New General Insurance Unit in Romania
The NN Group, which owns life insurance company NN Asigurari de Viata in Romania, has earmarked 31.9 million lei for capital for its new entity NN Asigurari, a general insurance business, pa...