Banks-Insurance
BRD Grants RON52.5M Financing To Constructii Erbasu For Construction Of On New Steaua Stadium
BRD Groupe Société Générale has granted financing worth RON52.5 million to the company Constructii Erbasu, in its position of leader of the Constructii Erbasu-Concelex-Terra Gaz Construct as...
Allianz-Tiriac Underwritings Decline 1.6% in 1H, to RON688M
Allianz-Tiriac, the second largest insurer on the Romanian market, reported underwritings totaling RON688 million in the first half of 2020, down 1.6% on the year, due to pandemic restrictio...
Overdue Loan Repayments Drop 8.7% on Year in July
Overdue bank loan repayments grew a slight 0.1% in July compared with June but dropped 8.7% on the year, to RON6.8 billion, central bank data showed.
VIG Gross Underwritings In Romania Drop 2.5% YoY To EUR230M In 1H/2020
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Wednesday it recorded gross underwritings of EUR229.1 million in Roma...
Romania’s Banking System Posts RON2.8B Net Profit in H1
Romania’s banking system posted about 2.8 billion lei net profit in the first half and assets rose to a new peak, RON518.5 billion, following an average increase by 6% in lending, Romania’s...
Romania Financial Watchdog To Buy RON1.4M Advisory Services To Check On 26 Insurers On Local Market
Romania’s Financial Supervisory Authority (ASF) launched an open tender on August 14 for the acquisition of advisory services in order to assess the assets and liabilities on the local insur...
Euroins Unveils RON100M Share Capital Increase; 25% More Damage Claim Payments In 1H/2020, Of RON504M
Euroins Romania, the second largest insurance company on the local third-party motor vehicle insurance (RCA), on Tuesday said it will increase its share capital by RON100 million, adding it...
German Allianz Group Indirectly Reaches 5.3% Holding Of Voting Rights Of Electrica
German Allianz Group has indirectly reached a holding of 5.3% of the voting rights of Romanian state-owned energy utility group Electrica (EL.RO), after the private pension fund AZT Viitorul...
Uniqa Posts EUR3.5M Profit in Romania in 1H/2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.5 million f...