Banks-Insurance
BRD Completes Shareholder Meeting Agenda With Societe Generale’s Proposal To Allot 2019 Profit To Retained Earnings
The Board of Directors of Romanian lender BRD SocGen (BRD.RO) has completed and republished the agenda of the Ordinary General Meeting of Shareholders of April 23 with the proposal of the le...
World Bank Revises Romania's 2020 GDP Growth Forecast to 0.3% from 3.8%
Romania's economic growth is projected to slow significantly to 0.3 percent in 2020, from an estimated 3.8% percent before the Covid-19, according to the World Bank Economic Update Spring 20...
ING Bank Sees Romania’s GDP Contracting 6.6% In 2020, But Growing 7.1% In 2022
ING Bank’s latest forecasts on the evolution of the global GDP envisage a 6.6% contraction for Romania’s economy in 2020, followed by a 7.1% growth in 2022.
Antitrust Body Looks into BCR, BRD, Raiffeisen Split Ownership of CIT ONE
Romania's antitrust body said Tuesday it was analyzing the deal whereby BRD Groupe Societe Generale, Raiffeisen Bank Romania and BCR split the ownership of CIT ONE, one of the largest local...
Banca Transilvania Expects Romanian Economy To Feel Pandemic Shock in March-May
Romania's economy could feel the biggest shock of the Covid-19 pandemic in the March-May 2020 period, said Andrei Radulescu, chief macroeconomic analyst at Banca Transilvania.
NN Pension Funds’ Ownership In Banca Transilvania Tops 10%
Banca Transilvania (TLV.RO), Romania's largest lender by assets, said Monday in a stock market announcement that NN private pension funds have reached an ownership of 10.06% of the lender’s...
Romania Insurance Market Ends 2019 With 8% Higher Underwritings, Of RON11B
Romania’s insurance market reported a volume of underwritings of RON11 billion at the end of 2019, 8% higher than in 2018, with the general insurance segment holding the biggest share, accor...
Financial Watchdog Assures Private Pensions Are Safe Despite Market Turbulence
Romanian's private pension contributions are safe as the system is built for the long run, with 30-40 years of saving and balanced and cautious investment plans, which shields it from short-...
World Bank: Romania Activates EUR400M Financial Support To Combat Human, Economic Impacts Of Coronavirus Pandemic
The World Bank has announced Friday that the Romanian Government activated EUR400 million of pre-arranged financial support to help prevent and respond to the COVID–19 (Coronavirus) pandemic...