Banks-Insurance
Pension Pillar II Assets Grow 18.4% YoY in April, to RON61.87B
Assets managed by mandatory private pension funds (Pillar II) in Romania stood at RON61.87 billion at the end of April, up 18.4% compared with April 2019 and up 192.46% compared with five ye...
EBRD And Partners Launch SME Equity Research Program; Four Romanian Firms Included In Program
The European Bank for Reconstruction and Development (EBRD) on Wednesday said is launching a dedicated research programme in support of the development of small and medium-sized enterprises...
Fitch Ratings Takes Rating Actions On Romanian Banks On Covid-19 Impact
International credit rating agency Fitch Ratings has taken rating actions on five Romanian banks in light of the coronavirus outbreak in Europe, including downgrading UniCredit Bank S.A. (UC...
TBI Bank to Offer Loans for Medical Services in Dr. Leahu Dental Clinics
Dental clinic chain Dr. Leahu said Wednesday it has signed a partnership with TBI Bank allowing its patients to access loans to pay for medical services.
VIG Gross Underwritings in Romania Grow 8.6% in 1Q, to EUR125.9M
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Wednesday it recorded gross underwritings of EUR125.9 million in Roma...
ING Bank Increases Required Downpayment On Standard Mortgage Loans To 35%
ING Bank, the Romanian division of Dutch ING Group, has increased up to 35% the downpayment required on standard mortgage loans.
Romania Taps International Markets with 5 and 10-Year Eurobond Issues
Romania's finance ministry on Tuesday tapped international markets with two euro-denominated bond issues, maturing in 2026 and 2030, respectively.
Ebury Romania Sees 300% Growth in Customer Numbers in 2019
Fintech Ebury, which has been operating in Romania for two years, registered 300% in customer numbers in 2019, reaching 800 corporations and SMEs and a team of 25 forex consultants.
Isarescu: Central Bank’s Immediate Objective Is To Ensure Liquidity For Financing Budget Expenditure, Real Economy
The immediate objective of the National Bank of Romania (NBR) is to ensure the liquidity necessary to finance budget expenditures and the real economy, central bank governor Mugur Isarescu t...