Banks-Insurance
Kearney: Romania Retail Banks at Bottom of European Ranking by Profitability per Client
Romania banks are at the bottom of the European ranking in terms of profitability per client, with just EUR77, in the context of a EUR168 average in Eastern Europe and a record high EUR238 a...
Allianz-Tiriac Asigurari Approves Extension Of Virgil Soncutean's Term As CEO
The Board of Directors of Allianz-Tiriac Asigurari has approved the extension of Virgil Șoncutean’s term as General Manager of the company.
VIG’s Insurers In Romania Generated EUR293.5M Gross Written Premiums In Q1/2025, Up 18% YoY
Insurance companies in Romania that are part of Vienna Insurance Group (VIG), i.e., Omniasig, Asirom and BCR Asigurari de Viata, saw gross written premiums of EUR293.5 million in the first q...
Millenium Insurance Acquires VECTOR Broker de Asigurare-Reasigurare For EUR900,000
Millenium Insurance (stock symbol: MIB), an insurance broker majority owned by mobility network Autonom Services, acquired insurance brokerage company VECTOR Broker de Asigurare-Reasigurare...
Finance Ministry Raises RON936M From Banks On June 2
Romania's Finance Ministry raised RON936 million from banks on Monday (June 2), selling government paper, at an annual average yield of 7.54%.
Romania Forex Reserves Drop To EUR55.6B In May 2025
Romania's foreign exchange reserves stood at EUR55.6 billion at the end of May 2025, lower by EUR6.7 billion than the EUR62.4 billion level reported on April 30, 2025, Romania’s central bank...
New Fidelis Edition: Romanians Can Buy Government Bonds In June 6-16 Period
Romania's finance ministry has announced on Mya 30 that it will carry out a new issue of Fidelis government bonds for retail investors between June 6 and 16, 2025, which is the fifth Fidelis...
Finance Ministry Raises Nearly RON779 From Banks On May 29
Romania's Finance Ministry raised RON778.7 million from banks on Thursday (May 29), selling benchmark bonds, at an annual average yield of 7.5%.
Romania Banks Fare Well Despite Rough Times: Banking System Profit Unchanged at RON3.7B in Q1/2025 vs Q1/2024
The still high interest rates and continued lending brought a RON3.7 billion net profit for the Romanian banking sector made up of 32 banks in the first quarter of 2025, in line with central...