Banks-Insurance
OTP Bank Romania Posts RON10.7M Loss In 1Q/2020 Due To Triple Risk Costs Amid Covid-19 Epidemic
OTP Bank Romania, the subsidiary of the largest banking group in Hungary, on Friday said it ended the first quarter of 2020 with a loss of RON10.7 million (HUF0.9 billion), due to triple ris...
Raiffeisen Bank To List 10-Yr Bonds totaling RON480M on Bucharest Stock Market
Lender Raiffeisen Bank will list subordinated bonds totaling RON480 million on the Bucharest Stock Exchange on May 14. The bonds have ten-year maturity and an interest pf 3.5% plus a three-m...
Guarantee Fund Signs Agreement with 29 Banks to Allow Moratorium on First Home Loans
Romania's guarantee fund said Wednesday it has signed agreements with 29 banks to grant facilities on rescheduled interests for state-guaranteed mortgage loans for debtors whose income was a...
BRD Group Posts 20% Drop in Net Profit in 1Q, to RON240.7M
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, said Wednesday its net profit dropped 20% on the year in the first quarter of 2020, to RON240.7 million, in...
Romania Unwilling to Access Conditional International Loans
Romania's finance ministry is looking at all financing options from international lenders – IMF, EBRD, World Bank – but will not access any loan with conditions attached, finance minister Fl...
First Bank Completes Integration of Bank Leumi Romania
First Bank, held by U.S. investment fund J.C. Flowers & Co., said Tuesday it has completed the integration of Bank Leumi Romania, a subsidiary of Bank Leumi Israel, completing the acquisitio...
Sergiu Manea, BCR CEO: One Of The Goals Is Avoiding Romania’s Rating Downgrade
A downgrade of Romania’s rating to junk would cause a chain reaction, so the government should do everything in its power for the rating agencies not to downgrade Romania’s rating, believes...
Romania Forex Reserves Fall to EUR33.156B in April
Romania's foreign exchange reserves fell to EUR33.156 billion at the end of April from EUR34.123 billion at the end of March, central bank data showed Monday.
François Bloch, BRD: Lending Will Continue
Banks are adapting to the new situation caused by the coronavirus crisis and lending will continue, but it remains to be seen at what rate, depending on the business strategy, risk appetite...