Banks-Insurance
New Corporate Loans in Lei Rise 13% to RON2.9B in August
The summer months came with a rebound in corporate loans after lending plunged by annual rates of 20% to 30% in the spring due to the lockdown required by the COVID-19 pandemic.
Posta Romana Concludes RON200M Financing Agreement With Eximbank
Romania's state-owned postal operator Posta Romana has concluded a financing agreement worth RON200 million with lender Eximbank, following a competitive procedure attended by several banks,...
EBRD Falls Below 5% Holding In Bucharest Stock Exchange
The Bucharest Stock Exchange (BVB) on Thursday informed investors that, on October 8, 2020, it was notified that the European Bank for Reconstruction and Development (EBRD) has fallen below...
Alro Slatina Seeks Shareholder Approval To Change Structure Of Syndicate Of Banks For $235M Loan Agreement
Alro Slatina (ALR.RO), the largest aluminum producer in Romania, has summoned its shareholders on November 10, 2020 to approve the concluding of an addendum to the credit facility agreement...
US Private Equity Investment Firm J.C. Flowers in Pole Position to Buy Credit Agricole Romania
US private equity investment firm J.C. Flowers, which has bought two banks in Romania - Piraeus Bank and Leumi Bank in the past two years, forming what is now known as First Bank, is in pole...
BBVA Decides to Keep Garanti Bank Romania
Spanish group BBVA has decided to not sell Garanti Bank Romania and the deal with OTP Bank, which submitted a financial bid for the lender, has fallen through, market sources told Ziarul Fin...
Romania Insurance Companies’ Gross Underwritings Grow 3.4% YoY To RON5.6B In 1H/2020
Insurance companies in Romania underwrote gross premiums of RON5.6 billion in the first half of 2020, up 3.4% from the same period in 2019, due exclusively to the positive evolution in the f...
Financial Watchdog Fines Insurer Euroins Romania Over RON2M
Romania's financial supervisory authority has fined insurer Euroins Romania a total of over RON2 million for irregularities found at a check-up conducted in July-September.
Romania Raises RON1B Selling July 2025 Bonds at 3.22% Average Yield
Romania's finance ministry on Thursday raised a little over 1 billion lei (EUR215 million), above its RON700 million target, selling bonds maturing in July 2025 at an average yield of 3.22%,...