Banks-Insurance
BCR, BRD, Raiffeisen Bank Complete Transaction To Become Shareholders In CIT One
BCR, BRD-SocGen and Raiffeisen Bank Romania have completed the transaction whereby they hold an equal stake of 33.(3)% each in CIT One, one of the largest local integrated services for the t...
EBRD Revises Down Economic Forecasts, Including For Romania, Amid Continuing Coronavirus Uncertainty
The European Bank for Reconstruction and Development (EBRD) on Thursday anticipated a deeper economic contraction and a milder recovery in 2021 for the emerging economies where it invests, i...
Patria Bank Reports Early Closing Of Offer For Sale Of Euro-Denominated Bonds
Lender Patria Bank (PBK.RO) has decided on the early closing of the Offer for the sale of euro-denominated bonds, Wednesday evening, on September 30, 2020.
Three-Month Money Market Rate Keeps Growing, Reaches 2.11%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 2.11% a year on Wednesday (September 30), which i...
Idea Bank Net Profit Doubles YoY To RON5.6M In 1H/2020
Idea Bank, held by Poland’s Getin Holding Group, reported operating revenue of RON55.8 million in January-June 2020, up 11.7% on the year, and a net profit of RON5.6 million, almost double f...
Sweden's Hoist Finance AB Enters Romanian Market
Swedish lender Hoist Finance AB has decided to enter the Romanian market and to operate as a branch, saying its activity starts in September 2020, according to Ziarul Financiar.
Wirecard Sells Romanian Operations to SIBS
Insolvent German electronic payment processor Wirecard has sold all sold all shares in Wirecard Romania SA to the leading European payment service provider SIBS.
Romania Raises RON621.3M Selling Nov 2024 Bonds at 3.2% Average Yield
Romania's finance ministry on Monday raised 621.3 million lei (EUR127.5 million), slightly more than its RON600 million target, selling bonds maturing in November 2024 at an average yield of...
Mandatory Home Insurance Policies Grow 3% in August, to 17.57 Million
Mandatory home insurance (PAD) policies in Romania reached 17.57 million at the end of August, 3.1% more than in August 2019, the Pool of Insurance against Natural Disasters (PAID) said Mond...