Banks-Insurance
Card Payments in Romania Grow 10% Since Pandemic Outbreak
The value and number of card payment transactions increased 10% since the outbreak of the coronavirus pandemic, speeding up digitization in the banking system, central bank data showed.
BCR Posts RON498.9M Net Profit in 1H/2020
Romanian lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Friday reported a net profit of RON498.9 million (EUR103.6 million) for the first half of 2020 compared with...
Black Sea Trade Bank Invests in Green Bond Issued by Globalworth
The Black Sea Trade and Development Bank (BSTDB) sadi Friday it has invested EUR35 million in a EUR400 million bond issued by Globalworth, the leading office real estate investor in Romania.
BCR Group Posts EUR81.5M Profit Attributable to Majority Shareholder in 1H/2020
Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR81.5 million in the first half of 2020, compared with a loss of EUR24.6 milli...
Metropolitan Life Underwritings Grow 20% in 1Q, to RON102.8M
Insurer Metropolitan Life, part of MetLife group, said it registered 20% growth in underwritings in the first quarter of 2020, to RON102.8 million.
Number of Insurance Contracts Grows 3.4% in 1Q/2020
Insurers in Romania recorded more than 15.7 million policies at the end of the first quarter of 2020, up 3.4% compared with the same period in 2019, financial watchdog data showed.
ING Reports 144% Growth in Savings Accounts in Q2/2020
The number of savings accounts opened by ING Romania customers through the Home’Bank platform grew at an annual rate of 144% in the second quarter of 2020, also driven by the bank's launch o...
Romania Insurance Companies’ Gross Underwritings Grow 8.8% YoY To RON2.95B In Q1/2020
Insurance companies in Romania underwrote gross premiums of RON2.95 billion in the first three months of 2020, up 8.8% year-over-year, the country’s Financial Supervisory Authority (ASF) sai...
Patria Bank Cuts 2020 Profit Forecast To RON6.6M, 3.5-Fold Lower Than Initially Projected
Lender Patria Bank (PBK.RO) has revised down its financial performance indicators for 2020 in the context of the coronavirus crisis, expecting a profit of RON6.6 million in 2020, compared wi...