Banks-Insurance
Top Ten Lenders in Romania Make RON2.67B Profit in H1
The top ten lenders in Romania by assets posted 2.67 billion lei net profit together in the first half, lower than in the first half of 2019, and accounting for 95.3% of the profit of the en...
Libra Bank Bonds Start Trading on Bucharest Stock Market on Sept 3
Libra Internet Bank bonds start trading on the Bucharest Stock Exchange on Thursday, September 3, the stock market operator announced Wednesday.
Alpha Bank Romania Posts EUR2.1M Gross Profit in 1H
Greek-owned Alpha Bank Romania reported a gross profit of EUR2.1 million for the first half of 2020, compared with EUR9.9 million in the same period last year.
Central Bank Survey: 75% of Companies Didn't Use Bank Financing in Last 12 Months
Internal sources remained the main financing sources for Romanian companies in June 2019-May 2020 , mainly due to substantial growth in profit reinvestment and assets sale, while bank loans...
Signal Iduna Posts 44% Growth in Underwritings in 1H, to RON57M
The local division of German insurer Signal Iduna, operating on the life insurance market, reported underwritings of over RON57 million in the first half of 2020, up 44% on the year.
CEC Bank Posts RON185M Net Profit, Total Assets Of Over RON36B YoY In 1H/2020
Romanian state-owned lender CEC Bank on Monday said it registered a net profit of RON184.4 million in the first half of 2020, accounting for nearly 49% of the profit reported in 2019, and it...
Lenders’ Margin Rises 5.76% in June
Banks in Romania had a margin (spread between interests on new leu loans and the interests on new leu deposits) of 4.91% to 6.31% in the first half, down from the first half 2019, but compar...
Banca Transilvania CEO Sells 1 Million Bank Shares On Stock Market
Omer Tetik, Chief Executive Officer of lender Banca Transilvania (TLV.RO), has sold one million TLV shares at a price of RON2.25 per share, for which it cashed an amount of RON2.25 million.
ECB, NBR Agree To Extend Framework Arrangement To Provide Euro Liquidity To BNR, Up To EUR4.5B, Via Repo Line
The European Central Bank (ECB) and the National Bank of Romania (NBR) have agreed to extend the framework arrangement to provide euro liquidity to the NBR via a repo line, in order to addre...