Banks-Insurance
UniCredit Bank Makes RON947M Consolidated Net Profit In H1, Up 43% YoY
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the year-ago period, while operating income rea...
Vegetable Oil Producer Argus Constanta Borrows RON67M From Banca Transilvania
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of having si9gned a RON67 million loan agreement w...
Alina Iacomi Appointed Chief Operating Officer At ING Italy
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer (COO) at ING Italy, starting October 1, 2024,...
Uniqa Asigurari and Uniqa Asigurari de Viata Report Overall Gross Underwritten Premiums of EUR67M in H1/2024, up 18% YOY; Net Profit Hits EUR8.5M
Uniqa Asigurari and Uniqa Asigurari de Viata, the local companies part of Austrian group Uniqa, ended the first half of 2024 with cumulated gross underwritten premiums worth EUR67.8 million,...
Israel’s Nofar Energy Gets EUR122M From EBRD And Raiffeisen International To Fund Two PV Parks In Romania
Israel’s Nofar Energy, one of the leading renewable energy investors in Romania, has signed a loan facility agreement and a VAT facility agreement totaling EUR122 million with the European B...
Romania Banking System Rakes in Record High RON7.5B Profit in H1/2024
The still high interest rates and sustained lending helped Romania’s banking system reach a record high net profit f RON7.5 billion in the first half of 2024, up around 10% from H1/2023 one.
Banca Transilvania Sees 42% Rise In Net Profit To RON1.8B In H1 2024
Banca Transilvania (TLV.RO), the largest lender in Romania, ended the first half of 2024 with a consolidated net profit of RON2.1 billion, up from the RON1.59 billion in the first half of 20...
Romania’s Central Bank Expects Inflation To Drop To 4% In December 2024 And 3.4% At End Of 2025
Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the previous forecast, particularly for the end of...
BRD Concludes New Partnership Agreement With European Investment Fund To Guarantee Loans Funding Sustainable Projects
BRD Groupe Société Générale has concluded a new partnership agreement with the European Investment Fund (EIF) which will enable it to guarantee loans used to fund sustainable projects.