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RCA Market Switches To Profit In 1Q/2017
Romania’s automobile liability insurance (RCA) market ended the first quarter of 2017 in the black, considering that the combined ratio went below 100%, reaching 97%.
Banca Transilvania Posts RON246M Profit In January-March
Lender Banca Transilvania (TLV.RO) reported a net profit of RON246.1 million in January-March, up 7.7% on the year, while Banca Transilvania Financial Group registered a net profit of RON267...
Intesa Sanpaolo Bank Back Into The Black In 2016
Intesa Sanpaolo Bank, the local subsidiary of the Italian group by the same name, has been focusing on corporate and SME area since last year and its vice-president Florin Sandor says the bu...
SIF Banat-Crisana Profit Up 26% To RON5.4M In 1Q/2017
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) registered a net profit of RON5.39 million in the first quarter of 2017, up 26% against the same period a year before.
Fabryo Went From RON1M To RON23M Profit In Five Years
Paint and coatings manufacturer Fabryo, held by private equity firm Oresa Ventures, has increased profit from 1.2 million (EUR265,000) to RON23.3 million in five years. The profit margin ros...
Asirom Returns To Profit In 2016, Underwritten Premiums Up 45%
Asirom, a company held by Austrian group Vienna Insurance Group, registered a profit of RON3.93 million in 2016, and underwritten premiums surged 45% to RON1.07 billion on the year in 2016.
Fondul Proprietatea Wants Nuclearelectrica 2016 Profit And RON452M From Reserves To Go To Shareholders As Dividends
Investment fund Fondul Proprietatea (FP.RO), which owns 9% in state-owned nuclear power producer Nuclearelectrica (SNN.RO), wants almost the entire profit of RON108 million obtained by Nucle...
Libra Internet Bank Posts Record Profit Of RON32.5M In 2016
Libra Internet Bank reported a record net profit of RON32.5 million in 2016, while its net assets doubled in the last two years, to RON3.39 billion, the bank said in a statement Tuesday.
Alpha Bank Romania Posts EUR13.1M Profit In 2016 Vs EUR18M Loss In 2015
Alpha Bank saw an increase in operating revenue in 2016, despite a slight decrease in the portfolio of gross loans. The portfolios of corporate and consumer loans shrank, with the bank count...