Banks-Insurance
EBRD Approves 2020-2025 Strategy for Romania
The European Bank for Reconstruction and Development (EBRD) has approved its latest strategy for Romania, covering the period 2020-2025, which includes help to mitigate the impact of Covid-1...
BRD Shareholders Reject Dividends From 2019 Profit; OK Allocation Of RON1.5B Net Profit To Retained Earnings
Shareholders of Romanian lender BRD SocGen (BRD.RO) on Thursday approved the proposal of the lender’s majority shareholder Societe Generale, with a 60.16% holding, regarding the allocation o...
BRD Groupe Société Générale Expects To Grant RON1.38B Loans Via IMM Invest Romania Program In 2020
BRD Groupe Société Générale expects to grant financing of RON1.38 billion in 2020 through the IMM Invest Romania government program aimed at supporting companies in financial distress due to...
BCR CEO: It Is Very Important Not To Allow Economic Downturn To Turn Into Depression
It is very important not to let the economic downturn that will follow the coronavirus crisis turn into an economic depression, along with a financial crisis, believes Sergiu Manea, CEO of B...
Rasvan Radu Named Board Chairman Of Romanian Banking Industry Association
Rasvan Radu, CEO of UniCredit Bank, has been appointed Chairman of the Executive Board of the Romanian banking industry association CPBR. Radu is replacing Sergiu Manea, Chief Executive Offi...
Raiffeisen Bank: Card Payments Soar 70% In March 2020; Interest In Digital Services On The Rise
The volume of online payments by card made by Raiffeisen Bank customers via debit cards soared 70% year-on-year in March 2020, while cash withdrawals at the bank’s ATMs fell 18%, according t...
IFC Invests EUR205M in WDP to Support Romania’s Green Property Sector
Belgian warehouse developer Warehouses De Pauw NV (WDP), which operates over 230.000 square meters of logistical and industrial spaces in Romania, was granted EUR205 million by IFC for the c...
Romania Raises RON545M Selling Feb 2025 Bonds at 3.93% Average Yield
Romania's finance ministry on Thursday raised 545 million (EUR112.7 million) versus a RON500 million target selling bonds maturing in February 2025 at an average yield of 3.93%, central bank...
Raiffeisen Bank Chief Economist Says Govt GDP Growth Forecast Is Overly Optimistic
The Romanian government's economic growth projection of 1.9% of GDP for this year is overly optimistic, Raiffeisen Bank chief economist Ionut Dumitru told Ziarul Financiar.