Banks-Insurance
ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020
ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank also revised its estimations for the region, amid the co...
Three-Month Money Market Rate Keeps Upward Trend, Reaches 3.20% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, has kept its upward trend, jumping to 3.20% a year on Wed...
Raiffeisen Bank Posts RON779M Net Profit In 2019 Vs Record Level Of RON881 In 2018
Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, on Wednesday said it ended 2019 with a net profit of RON779 million, lower than its record profit of RON881 million in...
ING Bank Romania Individual Clients May Postpone Loan Payments for Two Months
ING Bank, the Romanian subsidiary of Dutch group ING, said Tuesday it will allow individual customers with mortgage and consumer loans to postpone loan payments for two months.
Banca Transilvania To Lower Loan Installments for Companies
Banca Transilvania, Romania's largest lender by assets, announced Tuesday it was implementing measures to support its SME clients whose revenues are affected by the coronavirus pandemic.
SME Guarantee Fund Available to Take Over Loan Risks
Romania's national guarantee fund for SMEs said Tuesday it may support businesses and the financial sector by partially raking over loan risks and thus easing access to financing at advantag...
Leu Slumps To New All-Time Low At 4.8448 Versus Euro
The Romanian leu on Tuesday dropped to a new all-time low against the euro, as the central bank average reference rate stood at 4.8448 lei to the European currency.
Three-Month Money Market Rate Keeps Growing, Reaches 3.15% A Year
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate interests for consumer loans in lei, has kept its upward trend, climbing to 3.15% a year on Tu...
VIG Gross Underwritings In Romania Down 9.1% YoY To EUR468.2M In 2019
Austria’s Vienna Insurance Group (VIG) on Tuesday said in a financial report that it registered underwritten gross premiums of EUR468.2 million in Romania, in 2019, down 9.1% compared to 201...