Banks-Insurance
Romanian Insurance Market Seen Down 15% in 2Q, Recovering in 3Q
The Romanian insurance market, which grew 10% in the first quarter, is expected to post a decline of 15% in the second quarter due to pandemic driven restrictions but may recover in the thir...
Top Banks in Romania in 2019: Banca Transilvania Leads, ING Climbs to 4th Spot
Banca Transilvania remained Romania's top lender in 2019, while ING climbed to the fourth position, overtaking UniCredit and Raiffeisen, according to the central bank's annual report release...
Romania's Central Bank Posts RON1.8B Profit in 2019, Up 52% on Year
Romania's central bank had a profit of nearly RON1.8 billion in 2019, 52% higher compared with 2018, mainly due to higher total revenues, the bank said in its annual report released Friday.
Romania Raises RON940M Selling April 2024 Bonds at 3.51% Average Yield
Romania's finance ministry on Thursday raised 940 million lei (EUR194 million), versus a RON500 million target, selling bonds maturing in April 2024 at an average yield of 3.51% and maximum...
Nuclearelectrica Deposits RON52M at Eximbank for One Year
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Thursday it has deposited nearly RON52 million for a one-year period at Romanian state-owned bank Eximbank.
Central Bank Survey: Banks Envisage Harsher Lending Conditions For Firms, Households In Q2/2020
In a survey conducted by Romania's central bank in April 2020, banks estimated the lending standards and the terms of loan contracts for companies will be more restrictive in the second quar...
Romania Private Lending Drops 0.7% on Month in May
Private lending in Romania declined 0.7% in nominal terms and 0.8% in real terms in May compared with April, to RON269.146 billion, central bank data showed Wednesday.
Over 7,400 SMEs Got Funding Totaling RON6.2B via Government Program
Romania has approved 7,418 loans totaling over RON6.2 billion through the government's IMM Invest program for SMEs by Tuesday, the national guarantee fund said.
Romanian Banking Sector Shed 380 Units, 585 Employees in the Past Year
The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year.