Banks-Insurance
Kearney: One in Four Bank Offices in Europe To Close in Next 3 Years
One in four bank ranches in Europe will close in the next three years as new customer habits in terms of digital banking, brought about by the pandemic, will become permanent, an analysis by...
Eurolife Asigurari Romania Changes Name To Eurolife FFH
Eurolife Asigurari Romania is changing its name to Eurolife FFH, with the new brand and logo reflecting the affiliation to the international financial holding Fairfax Holding Limited.
Romania Central Bank Expects Significant Economic Downturn In 2020, Similar To 2009 Level
Romania’s central bank said the average dynamics of the real GDP will see a significant negative value, close to the level registered during the economic crisis of 2009. The bank released no...
TBI Bank Posts EUR22.9M Net Profit in 2019
TBI Bank, part of 4Finance, with operations in Bulgaria, Romania, Germany, Sweden and Poland, reported a net profit of EUR22.9 million in 2019, up 58% on the year, while the bank's asset gre...
Sergiu Manea, BCR CEO: We’re Talking About A New Normal, Helped by Technology
The two months of lockdown due to the COVID-19 pandemic were a time when BCR became a more agile and flexible bank in terms of its operational structure and the digital transformation has be...
ING Tech Keeps Hiring, Set to Grow to Over 1,000 Employees by Yearend
ING Tech Romania, the software development hub of Netherland’s financial group ING, has hired 90 people since the beginning of the year, 60 of them since the start of the coronavirus crisis...
Central Bank Lowers Key Rate to 1.75% a Year, Cuts Facilities Rates by 0.25 Points
Romania's central bank on Friday decided to lower its benchmark interest rate by 25 basis points to 1.75% a year starting June 2, after a cut to 2% back in March. The bank also lowered its l...
CEC Bank Posts RON114M Profit in 1Q/2020, Up 26% on Year
Romanian state-owned lender CEC Bank said Thursday it recorded a net profit of RON114.1 million in the first quarter of 2020, 26% higher compared with the same period last year.
Romania’s Banking System Net Profit Reaches RON1.6B, Assets Up to Over RON500B in Q1
Romanian banking system’s net profit reached some RON1.6 billion at the end of the first quarter and assets increased to a peak of RON518.4 billion, while lending increased by 7.1% on averag...