Banks-Insurance
Allianz Pension Funds Reach 6.5% Holding in TeraPlast
Construction materials producer TeraPlast Bistrita (TRP.RO) reported Thursday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold followin...
Online Payment Processor Stripe Launches in Romania and Four Other European Countries
Stripe, a global technology company that builds economic infrastructure for the internet, on Wednesday announced its official launch in the Czech Republic, Romania, Bulgaria, Cyprus, and Mal...
Romania Raises EUR3.3B Selling 5 and 10-Year Euro-Denominated Bonds on International Markets
Romania's finance ministry said Wednesday it raised EUR3.3 billion selling two euro-denominated bond issues on international markets last week.
Romania Private Lending Drops 0.5% on Month in April
Private lending in Romania declined 0.5% in nominal terms and 0.8% in real terms in April compared with March, to RON271.124 billion, central bank data showed Wednesday.
Uniqa Posts EUR2.4M Net Profit in Romania in 1Q/2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, posted a net profit of EUR2.4 million in...
Romania Raises RON1.089B Selling Aprl 2024 Bonds at 3.74% Average Yield
Romania's finance ministry on Monday raised 1.089 billion lei (EUR225 million) selling treasury bonds maturing in April 2024 at an average yield of 3.74%, central bank data showed.
ING Bank Romania Net Profit Plunges 27% To RON143M In 1Q/2020 Under COVID-19 Impact
Lender ING Bank Romania on Monday said its revenue grew 9% to RON533 million and its net profit plunged 27% to RON143 million on the year in the first quarter of 2020.
582 Companies Got RON500M Funding Through IMM Invest
Out of the 59,000 companies which applied for funding via the IMM Invest program, 582 have already secured RON500 million, says Dumitru Nancu, general manager of the National Loan Guarantee...
ING Bank Cuts Required Downpayment On Mortgage Loans To 25%
ING Bank, the Romanian division of Dutch ING Group, has reconsidered its decision to increase up to 35% the minimum downpayment required on standard mortgage loans, reducing the downpayment...