Banks-Insurance
ING Bank Romania Posts 4% Hike in Revenue, 17% Decline in Profit in 1H
Lender ING Bank Romania on Monday said its revenues grew 4% in the first six months of 2020, to RON1.05 billion, while its net profit declined 17% on the year, to RON320 million.
Three-Month Money Market Rate Stays At 1.99%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, remained unchanged at 1.99% a...
ING Bank: Romania's Economic Rebound Looks Slower Than Expected
Romania's second-quarter GDP contraction of 12.3% compared with the first quarter was broadly in line in market expectations and while the data are mildly positive, ING Bank maintains its 5....
UniCredit Group Posts EUR62M Profit in Romania in 1H, Down 18%
Italy's UniCredit Group, which owns the fifth largest bank in Romania by assets, reported a consolidated net profit of EUR62 million in Romania for the first half of 202, down 18% compared w...
Banca Transilvania Net Profit Down 28% in 1H, to RON607.4M
Banca Transilvania (TLV.RO), Romania's largest lender by assets, said Friday its net profit declined 28% in the first half of the year, to RON607.4 million.
Libra Bank Profit Halves in 1H, to RON25.7M
Lender Libra Bank, a member of US investment group New Century Holdings, recorded a net profit of RON25.7 million in the first half of 2020, compared with a profit of RON51 million in the sa...
Raiffeisen Bank Profit Falls 27% in 1H, to RON280M
Lender Raiffeisen Bank said Tuesday it recorded a net profit of RON280 million in the first half of 2020, down 27% compared with the same period in 2019, impacted by the COVID-19 pandemic.
Romania Raises RON201M Selling Oct 2030 Bonds at 3.94% Average Yield
Romania's finance ministry on Monday raised 201 million lei (EUR41.5 million) selling treasury bonds maturing in October 2030 at an average yield of 3.94% and a maximum yield of 3.96%, centr...
Three-Month Money Market Keeps Downward Trend, Reaches 2.04%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 2.04% a year Friday, from 2.05% a year Thursday a...