Banks-Insurance
Romania Seeks to Raise RON4.1B Selling State Paper on Local Market in May
Romania's finance ministry plans to raise RON4.1 billion selling bonds and bills on the local market in May, after raising RON5.7 billion in April.
Banca Transilvania Net Profit Plunges 40% YoY To RON261M In 1Q/2020 Due To COVID-19 Crisis
Banca Transilvania (TLV.RO), Romania's largest lender by assets, said Thursday it had a net profit RON260.9 million in the first quarter of 2020, down 40.1% on the year, due to the crisis ca...
BCR Group Posts EUR78.3M Net Profit Attributable To Majority Shareholder In 1Q/2020, Up 69% YoY
Romanian Banca Comerciala Romana (BCR) Group, majority owned by Austria's Erste Group, reported net profit attributable to the majority shareholder, Erste, of EUR78.3 million in the first qu...
BCR Net Profit Soars 60% To RON428.3M YoY In 1Q/2020
Romanian lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group and the second largest bank in Romania by assets, on Thursday reported a net profit of RON428.3 million for Janu...
CEC Bank to Issue Free Debit Cards for Pensioners
Romanian state-owned lender CEC Bank will issue free debit cards for people who cashed their pensions at bank offices and will deliver them at the customers' homes addresses via the Romanian...
CEC Bank May Grant Loans Totaling RON2B under SME Support Program
Romanian state-owned lender CEC Bank said Tuesday it could grant loans totaling RON2 billion under the government-subsidized program for SMEs affected by the coronavirus pandemic, saying it...
Allianz-Tiriac Asigurari Ends 2019 With 3.6% Higher Gross Underwritings, Of RON1.37B
Allianz-Tiriac Asigurari ended 2019 with underwritten gross premiums of RON1.37 billion, up 3.6% from 2018, and an operating profit of nearly RON134 million, considering that the company is...
Romania Raises RON1.594B Selling April 2023 Bonds at 3.84% Average Yield
Romania's finance ministry on Monday raised 1.594 billion lei (EUR329.6 million), more than five times its initial target, selling bonds maturing in April 2023 at an average yield of 3.84%,...
Romania Private Lending Grows 0.6% on Month in March, Government Credit Grows 10%
Private lending in Romania grew 0.6% in nominal terms and 0.1% in real terms in March compared with February, to RON272.552 billion, while government credit spiked more than 10% due to ballo...