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Finance Ministry Raises RON300M From Banks On Jan. 20
Banks-Insurance

Finance Ministry Raises RON300M From Banks On Jan. 20

Romania's Finance Ministry raised RON300 million from banks on Monday (Jan. 20, 2025) selling benchmark bonds, at an annual average yield of 7.93%.

Ecaterina Craciun · 20.01.2025 · 17:14 · 1 min
Raiffeisen Bank Romania: 3 In 10 Romanians Feel Blue Monday As One Of The Most Difficult Days Of The Year
Banks-Insurance

Raiffeisen Bank Romania: 3 In 10 Romanians Feel Blue Monday As One Of The Most Difficult Days Of The Year

3 out of 10 Romanians feel Blue Monday as one of the most difficult days of the year, and the main causes of emotional discomfort are cold weather, excessive spending during the holiday peri...

Ecaterina Craciun · 20.01.2025 · 17:07 · 3 min
Banca Transilvania: Number Of BT Pay Users Using Round Up Option Tops 300,000, 50% More YoY
Banks-Insurance

Banca Transilvania: Number Of BT Pay Users Using Round Up Option Tops 300,000, 50% More YoY

The number of BT Pay users using the Round Up option has exceeded 300,000, which translates into a 50% increase compared to the same period last year, as per data provided by Banca Transilva...

Ecaterina Craciun · 20.01.2025 · 15:33 · 1 min
CEC Bank Selects Swiss Banking Software Firm Temenos To Modernize Its Core Banking Systems
Banks-Insurance

CEC Bank Selects Swiss Banking Software Firm Temenos To Modernize Its Core Banking Systems

Romanian state-owned lender CEC Bank has selected Swiss-based banking software specialist Temenos to streamline its retail and corporate core banking systems.

Ecaterina Craciun · 16.01.2025 · 21:12 · 1 min
Finance Ministry Raises RON800M From Banks Via Two Bond Issues On Jan. 16
Banks-Insurance

Finance Ministry Raises RON800M From Banks Via Two Bond Issues On Jan. 16

Romania's Finance Ministry raised RON800 million from banks on Thursday (Jan.16), selling government paper in two auctions, at annual average yields of 7.75% and 7.98%, respectively.

Ecaterina Craciun · 16.01.2025 · 19:44 · 1 min
EBRD Invested EUR77M in 44 Projects in Romania in 2024, Double 2023 Number; 2025 Portfolio Set to Cover all Economic Fields
Banks-Insurance

EBRD Invested EUR77M in 44 Projects in Romania in 2024, Double 2023 Number; 2025 Portfolio Set to Cover all Economic Fields

The European Bank for Reconstruction and Development (EBRD) in 2024 invested in a record high number of projects in Romania amid rising investment in energy and pledges of alignment to green...

Liviu Popescu · 16.01.2025 · 11:10 · 1 min
UniCredit Aims to Expand Funding on CEE Market of Micro-Enterprises and Small Companies
Banks-Insurance

UniCredit Aims to Expand Funding on CEE Market of Micro-Enterprises and Small Companies

UniCredit wants to increase funding on the market of micro-enterprises and small companies, earmarking in 2025 for CEE, hence for Romania as well, a total of EUR2.3 billion via various form...

Cristian Hostiuc · 16.01.2025 · 10:09 · 1 min
Romanian Corporate Branch Of PKO Bank Polski To Start Operations In 2025
Banks-Insurance

Romanian Corporate Branch Of PKO Bank Polski To Start Operations In 2025

The Romanian corporate branch of PKO Bank Polski, the leader of the Polish banking system, is starting operations on the local market in 2025.

Loredana Frățilă-Cristescu · 15.01.2025 · 22:51 · 1 min
Romania's Central Bank Further Leaves Benchmark Interest Rate Unchanged At 6.5% a Year
Banks-Insurance

Romania's Central Bank Further Leaves Benchmark Interest Rate Unchanged At 6.5% a Year

Romania's central bank has decided at its Board meeting on Wednesday (Jan. 15, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.

Ecaterina Craciun · 15.01.2025 · 16:55 · 7 min