05.08.2012

Cornelia Coman, general manager of life insurer ING Asigurari de Viata in Romania, will take over as head of ING Asigurari de Viata in Hungary starting June 1. more

03.08.2012

The liquidity shortage in the Romanian banking system more than doubled in February, with lenders borrowing on average 3.3 billion lei (EUR0.76 billion) a day from the central bank, compared with more

03.05.2012

Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ilie, head more

02.29.2012

Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the economy as a more

02.23.2012

ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans and cards more

02.22.2012

ING Bank Romania Wednesday said its pretax profit rose 26% to 161 million lei (EUR36.9 million) in 2011, from RON128 million a year earlier. more

02.09.2012

Romanian insurer ING Asigurari de Viata underwrote premiums of 554.4 million lei (EUR127.2 million) last year, up 2% compared with 2010, while its gross profit dropped by 62% to RON17.8 million from, more

02.03.2012

Adrian Tanase, general manger of ING Investment Management, the manager of the largest equity fund, which invested EUR50 million on the stock market, believes that improvement of corporate governance more

01.16.2012

Romania might be able to fend off some of the external pressure following the economic downturn in the euro zone in the first half of 2012, aided by pre-election spending, but the boost will be more

01.10.2012

The liquidity gap in the Romanian banking system has widened significantly in December, with lenders borrowing on average 4.1 billion lei (EUR0.94 billion) a day from the central bank, well above more

11.21.2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday. more

11.18.2011

A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market because more

11.03.2011

Romanian insurer ING Asigurari de Viata underwrote premiums of 407.5 million lei (about EUR93.5 million) in the first nine months of the year, up 0.8% compared with September 2010, while its gross more

11.02.2011

The scenario under which foreign banks will reduce their exposure to Romania because of capital needs is already likely to become reality, not just a risk, and capital repatriations can be stopped by more

09.28.2011

An ING private pension fund bought Tuesday a 5.5% stake in medicine wholesaler Ropharma Brasov (RPH.RO), for 9.2 million lei (EUR2.1 million), from companies controlled by businessman Mihai Miron more

09.05.2011

The Romanian Finance Ministry is likely to accept higher yields to meet its current borrowing targets, after it failed to raise a planned 4 billion lei (EUR0.94 billion) at state auctions in August, more

08.21.2011

Romanian lender ING Bank registered pretax profit of 65 million lei (EUR15 million) in the first six months of 2011, according to IFRS, up 8% compared to the same period of 2010, on lower provision more

08.18.2011

Romanian investment fund Fondul Proprietatea (FP.RO) Thursday said it has appointed ING Bank Bucharest as new depositary of its 16 billion lei (EUR3.75 billion) worth of assets, following a selection more

08.18.2011

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their more

08.16.2011

Romania’s second-quarter gross domestic product data is a positive surprise, as sector performances were weak, with only constructions posting a small growth, ING Bank Romania chief economist more

08.04.2011

Romanian insurer ING Asigurari de Viata's underwritten premiums decreased by 1.1% in the first six months of the year, to 272.7 million lei (EUR64.5 million) and its gross profit dropped to RON15.1 more

07.20.2011

Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market. more

07.20.2011

ING Bank, the tenth largest bank on the market in 2010, increased its assets by 10% in the first five months of this year and plans to have the full-year increase reach 25%. more

07.19.2011

ING Investment Management Romania on Tuesday said it has appointed Adrian Tanase as general manager, starting July 1. more

07.13.2011

Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimates more