Banks-Insurance
Finance Ministry Raises RON682M From Banks On August 19
Romania's Finance Ministry raised RON682 million from banks on Monday (August 19), selling government paper at an annual average yield of 6.55%.
CFA Romania Analysts Project 4.4% Inflation for Next 12 Months, Falling Leu, Flat Housing Market Prices, Rising Public Debt and Budgetary Gap
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value of 5.1062 units/euro.
ING Bank Revises Romania’s 2024 Economic Growth Forecast To 2% From 2.8%
ING Bank has decided on Wednesday (August 14) to revise its growth forecast for Romania's economy in 2024 to 2% from its previous estimate of 2.8%, a level that is still deemed optimistic.
Moldova's Maib Reports EUR36M Net Profit In H1/2024, Up 5.6% YoY
Republic of Moldova’s largest lender, MOLDOVA-AGROINDBANK (Maib), ended the January-June 2024 period with net profit of MDL694.3 million (equivalent to EUR36.1 million), up 5.6% year-over-ye...
Transilvania Broker De Asigurare’s Net Profit Shrinks 58% In H1 2024
Insurance broker Transilvania Broker de Asigurare (TBK.RO) posted RON2.3 million net profit in the first half of 2024, 58.3% lower than the RON5.5 million in the year-ago period.
Finance Ministry Seeks To Use US Govt’s Foreign Military Financing Mechanism To Finance Public Debt
The Finance Ministry has published, in transparency, a bill regulating the possibility for the Romanian Government to diversify its public debt financing instruments to be able to access fun...
Printec Sees Revenue And Profit Shrink In 2023
Printec Group Romania, one of the largest providers of payment solutions for the banking industry in Romania, posted RON105.6 million (EUR21.2 million) revenue in 2023, 4% lower than in 2022...
Finance Ministry Raises RON345M From Banks On August 12
Romania's Finance Ministry has raised RON345.4 million from banks on Monday (August 12), selling benchmark bonds, which is below the planned amount of RON500 million, at an annual average yi...
Raiffeisen Bank Extends Zdenek Romanek's Term As President And CEO Until Jan 31, 2029
Raiffeisen Bank Romania, the sixth largest bank in the local market by assets, has informed the capital market in a stock market report about the extension of Zdenek Romanek's mandate as Pre...