Banks-Insurance
UniCredit Bank Supervisory Board Chairman Dan Pascariu Quits Position
Dan Pascariu, chairman of UniCredit Bank's supervisory board, announced he was quitting the position in the board meeting held Thursday.
Coronavirus Crisis Depreciates Pension Fund Assets
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the coronavirus pandemic, the Romanian associati...
ING Bank, NGO Partners Unveil EUR330,000 Donation To Mitigate Effects Of COVID-19 Outbreak
ING Bank Romania, alongside NGO (non-governmental organizations) partners, is announcing a donation of EUR330,000 which targets the acquisition of protective gear and tests for public hospit...
Banca Transilvania Donates EUR665,000 to Hospitals Fighting Covid-19
Banca Transilvania, Romania's largest lender by assets, has donated EUR665,000 so far to more than 30 hospital sin the country fighting the Covid-19 pandemic.
Central Bank Recommends Banks Should Not Distribute Dividends in 2020
Romania's central bank recommends commercial banks operating in Romania not to distribute dividends this year from their 2019 earnings, central bank board member Cristian Popa said Wednesday...
Societe Generale, Majority Shareholder Of BRD, Wants 2019 Profit Of RON1.5B To Be Allotted To Retained Earnings
Societe Generale, the majority shareholder of Romanian lender BRD SocGen (BRD.RO), has called on BRD shareholders to approve, in their general meeting of April 23, 2020, the allocation of th...
Central Bank Gov Says Peak Tension Caused by Covid-19 Crisis in Finance Has Passed
The peak tensions generated by the Covid-19 crisis in the monetary, banking and financial sectors has been overcome and cash withdrawals have dropped significantly in recent days after a rec...
Romania Amends Loan Repayment Decree to Eliminate Additional Interest
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end of 2020, eliminating additional interest t...
Banks Say General Moratorium on Loan Repayments Hurt Economic Recovery
Romanian banking associations representing all banks active on the Romanian market said Monday allowing all customers to postpone bank loan repayments for up to nine months could lead to an...