Banks-Insurance
Raiffeisen Bank Ends Q1/2025 with RON418M Net Profit, Up 7% YOY
Raiffeisen Bank ended the first quarter of 2025 with RON418 million net profit, up 7% from the year-earlier period, and RON84.8 billion total assets, up 18%.
Romania Rejects All Bids For April 2029 Bonds
Romania's finance ministry on Monday (May 5) rejected all bids for government bonds maturing in April 2029, as it deemed the bid price unacceptable, central bank data showed.
Austria's Erste Group, The Owner Of BCR, Acquires 49% Stake In Santander Bank Polska Group For Nearly EUR6.8B
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has announced on May 5 that it has entered into an agreement with Banco Santander to acquire a 49% stake in Santander B...
Garanti BBVA's New Clients To Access Banking Products And Services Directly From Mobile Banking Application
Garanti BBVA has introduced an option that enables new individual customers to access banking products and services 100% online, directly from the Mobile Banking application.
CEC Bank, Raiffeisen and Banca Transilvania Boast Biggest Asset Increases in 2024
Top 10 large banks in 2024 managed to boost their assets against 2023 with growth paces ranging from 1% to 19%, with most boasting asset leaps above inflation.
Romania Forex Reserves Grow To EUR62.4B In April 2025
Romania's foreign exchange reserves stood at EUR62.4 billion at the end of April 2025, higher by EUR421 million than the EUR61.9 billion level reported on March 31, 2025, Romania’s central b...
Romania Insurance Market Reaches over RON36B Assets in 2024
Insurers’ total assets crossed the RON36 billion threshold at the end of 2024, coming to weigh 2.1% in GDP, reveals the latest report on non-banking financial markets stability published by...
Law Firm Filip & Company Assisted BT Pensii in Takeover of BRD Medio
Law firm Filip & Company provided legal assistance to BT Pensii in its takeover of the management of voluntary pension fund BRD Medio, which is changing its name to Pensia Mea Plus.
BCR Group 1Q/2025 Net Profit Rises 19.8% YOY To RON742M
BCR Group in the first quarter of 2025 registered net profit of RON742 million (EUR149 million), up 19.8% from 1Q/2024, driven by improved operating result underpinned by significant advance...