Banks-Insurance
Société Générale European Business Services Donates EUR100,000 For Acquisition Of Medical Equipment
Société Générale European Business Services, the services company of French Société Générale Group, the majority shareholder of BRD, donates EUR100,000 to Asociatia Daruieste Viata (The Give...
CEC Bank Unveils Solution Enabling Clients To Access Several Banking Services Online
Romanian state-owned lender CEC Bank has recently integrated in its services portfolio a project developed by Deloitte Romania and FintechOS, which can be 100% accessed online and includes c...
ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronoun...
Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of...
Central Bank Postpones Collecting Bank Resolution Fund Contributions for Three Months
Romania's central bank board held an emergency meeting Friday and analyzed a series of relevant measures from the perspective of bank resolution, amid the economic effects of Covid-19 pandem...
Three-Month Money Market Rate Inches Down To 2.57% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to 2.57% a year on Friday, from 2.58% a year on...
Romanian Govt Adopts Decree Allowing Loan Repayment Delays Until Year-End
Romania's government on Thursday adopted an emergency decree allowing individuals and companies to postpone their loan repayments for up to nine months but no later than the end of the year.
Three-Month Money Market Rate Drops To 2.58% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, decreased to 2.58% a year on Thursday (March 26), from 2....
Three-Month Money Market Rate Drops To 2.60% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, fell to 2.60% a year on Wednesday (March 25), from 2.62%...