Banks-Insurance
Romania Posts Current Account Gap of EUR1.782B in Jan-Apr
Romania's current account balance posted a deficit EUR1.782 billion in January-April, compared with a deficit of EUR2.258 billion in the same period in 2019, central bank data showed Monday.
ING Bank Becomes Romania's Fifth Largest Lender by Assets
ING Bank Romania, the local branch of Dutch group ING, became the fifth largest lender by assets in 2019, overtaking Raiffeisen Bank, which dropped to the sixth spot.
Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55% of GDP in a pessimistic scenario, the Fisca...
Romania Raises RON1.148B Selling 6-Month Bills at 2.73% Average Yield
Romania's finance ministry on Thursday raised 1.148 billion lei (EUR237.4 million), versus a RON600 million target, selling treasury bills maturing in December 2020 at an average yield of 2....
Allianz-Tiriac Insurance Sales Up 10% YoY To Over RON393M In 1Q/2020
Allianz-Tiriac’s sales of insurance policies grew 10% on the year to over RON393 million in the first quarter of 2020, with non-automotive insurance policies accounting for 44% of gross prem...
Romanian Parliament Adopts Bill Suspending Sales of State-Owned Shares
Romania's lower chamber of parliament on Wednesday adopted a bill that would suspend all disposals of shares owned by the Romanian state a period of two years. Prime minister Lucovic Orban s...
Analysts Criticize Bill Banning Sale of State Shares in Companies, Banks
A bill banning the sale of state shares in state-owned companies, banks or any other company for two years to protect national interest in the economy would hinder the development of the loc...
Who Owns Banca Transilvania
The five regional investment funds (SIF) and the Pillar 2 private pension funds increased their exposure to Banca Transilvania from 30.5% to 36.4% in 2019, which means they have become the l...
Banca Transilvania CFO Sells RON556,250 Worth Of Lender’s Shares
Romanian lender Banca Transilvania (TLV.RO) said in a stock market announcement Friday that its Chief Financial Officer George-Razvan Calinescu had sold 250,000 TLV shares on June 3, at a pr...