Swiss investor to take over City Insurance

City Insurance

President of the Financial Supervisory Authority (ASF), Misu Negritoiu, met recently Max Roessler, Swiss private investor, on the occasion of his visit to Romania, to complete negotiations for taking over the Insurance-Reinsurance Company City Insurance. The meeting was also attended ...

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Household deposits in RON, up by 1pc in February


Deposits of non-government resident customers went up 0.6 percent month on month to RON 272,187.9 million in February 2017. RON-denominated household deposits increased by 1.0 percent to RON 104,520.5 million. At end-February 2017, household deposits in domestic currency rose by ...

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Hungarian OTP Group plans to bid for Bancpost


Hungary’s OTP Bank sees specific acquisition opportunities around Eastern Europe, including Romania and wants to bid for Bancpost, after Greece’s Eurobank announced since early this year that is looking for a strategic partner to buy a stake in its fully-owned ...

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