Tag: banking (24 articles)

Finance   |   28 May, 2026 at 6:24 PM

Intesa Sanpaolo Bank Romania CEO resigns

The Board of Directors of Intesa Sanpaolo Bank Romania has acknowledged the resignation of Alessio Cioni from his roles as General Manager and Chairperson of the Management Committee (CEO).

Finance   |   14 May, 2026 at 5:00 PM

CEC Bank gets rating upgrade from Fitch

Fitch Ratings has upgraded CEC Bank's Long-Term Issuer Default Rating from BB to BB+ with a Stable Outlook, following the publication of Fitch's updated Bank Rating Criteria on 8 May 2026.

Real estate   |   14 January, 2026 at 9:37 AM

Finance takes the lead in Bucharest office demand

The Bucharest office market saw last year a shift in hierarchy regarding the sectors generating the most transactions, according to a study by Crosspoint Real Estate. Companies in the banking and financial sector accounted for 25% of the gross leasing volume in Bucharest, surpassing the IT sector (23%) for the first time.

Finance   |   13 January, 2026 at 1:22 PM

Banks in CESEE region show growing confidence in credit

Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.

Finance   |   1 August, 2025 at 4:00 PM

BRD names new Interim Chairman

BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.

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Industry

Russian drone crashes into Galați residential area

A Russian Geran-2 combat drone breached Romanian airspace and crashed into a residential apartment block in the eastern city of Galați early on 29 May, intensifying security concerns along NATO's eastern flank.

Finance

Intesa Sanpaolo Bank Romania CEO resigns

The Board of Directors of Intesa Sanpaolo Bank Romania has acknowledged the resignation of Alessio Cioni from his roles as General Manager and Chairperson of the Management Committee (CEO).

Industry

Electro-Alfa International posts 12% revenue growth in Q1 2026

Electro-Alfa International, a Romanian manufacturer of electrical equipment and provider of EPC and IT services, reported revenue growth and profitability for Q1 2026. The company's total revenues reached €25.7 million, up 12.2% compared to Q1 2025. Net profit increased by 2.9% to €6.2 million, supported by a 2% increase in EBITDA, which reached €10.6 million.