Banks-Insurance
Banca Transilvania Buys Back RON3.9M Worth Of Shares Via Two Transactions
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, on Wednesday said it repurchased a total 2,362,282 shares worth RON3.9 million, within two transactions held on March 23 a...
Pension Funds Allowed to Invest Over 70% in State Paper for One Year
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu announced Wednesday.
Romania to Help Consumers Postpone Loan Repayments for 9 Months
Romania's government is set to adopt an emergency decree Thursday to allow banks to postpone loan repayments for all types of loans for nine months, finance minister Florin Citu said Wednesd...
Black Sea Trade Bank To Refocus EUR900M To Assist Pandemic—Hit Sectors
The Black Sea Trade and Development Bank said in a statement it intends to refocus its financing of approximately EUR900 million, planned for new operations in 2020, to assist the sectors an...
Romanian Financial Watchdog Lowers Taxers and Fees by 25%
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities.
Banca Transilvania Expects Private Lending To Slow Down To 3.8% In 2020 Vs 7.6% In 2019
Private lending in Romania is expected to slow down its growth rate to 3.8% in 2020, from 7.6% in 2019, the biggest of the last decade, while the deposits held in banks in Romania by the pop...
Three-Month Money Market Rate Inches Up To 2.62% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, grew slightly to 2.62% a year on Tuesday, from 2.61% on M...
Romania Private Lending Grows 0.5% on Month in February
Private lending in Romania grew 0.5% in nominal terms and 0.3% in real terms in February compared with January, to RON271.057 billion, central bank data showed Tuesday.
Libra Bank Raises EUR4.29M From Bond Sale
Lender Libra Internet Bank said Tuesday it has raised EUR4.29 million in a private placement bond sale launched on March 17, well below its targeted EUR10 million.