The outlook on the long-term deposit ratings of tbi bank was changed by Moody’s Ratings from “stable” to “positive”. At the same time the agency also affirmed the bank’s long- and short-term deposit ratings at Ba2/NP and Baseline Credit Assessment (BCA) and Adjusted BCA at ba3 by Moody’s Ratings. Moody’s also affirmed tbi bank’s long- and short-term Counterparty Risk Ratings at Baa3/P-3 and the long- and short-term Counterparty Risk Assessments (CR Assessment) at Baa3(cr)/P-3(cr). The new Moody’s statement follows the announcement of the concluded agreement between 4Finance Holding S.A. and Advent International regarding the acquisition of tbi bank. The transaction is subject to regulatory approvals with expected closure in the fourth quarter of 2025. “The positive outlook on tbi bank’s Ba2 long-term deposit ratings reflects our expectation that governance risks will moderate once the transaction concludes and the bank is acquired by Advent. Additionally, tbi bank could be afforded with better access to capital and expertise in executing its strategy under Advent’s ownership”, says the statement of Moody’s.
The network of clinics founded by Dr. Daniela Ionescu will open its fourth unit, the Suvenir Clinic, a multidisciplinary center specializing in the diagnosis and treatment of respiratory problems. The clinic, set to open in September of this year in Bucharest, adds to a network that already includes units in Brașov and Constanța. The total […]
Directors Lina Vdovîi and Radu Ciorniciuc were awarded the Krakow International Film Festival's Silver Horn Award for a socially relevant film for their documentary Dad/ Tata. This is the duo’s second win at the festival. In 2020, they took home the Golden Horn for best documentary film for Acasă - My Home, directed by Radu […]
The president of Ukraine, Volodymyr Zelensky, invited Romanian counterpart Nicușor Dan to Ukraine ahead a bilateral meeting during the Bucharest 9 Summit in Vilnius on Monday, June 2. Zelensky made brief statements to the press upon arrival at the summit, saying that “Romania is very important” to Ukraine. He indicated that he will talk with […]
Romania’s "Regele Ferdinand" (King Ferdinand) frigate is currently on rescue mission in the Mediterranean Sea, looking into the disappearance of a military master technician part of its crew. Master Sergeant Class II Viorel Culea, 46, an electromechanical specialist, was last seen on board the ship on the morning of June 1, around 04:30. The Romanian […]
The Dutch government expects to reimburse Romania for the golden helmet of Coțofenești and the three gold bracelets stolen from the Drents Museum in Assen in January of this year. The value of the reimbursement stands at around EUR 5.7 million, and the reimbursement was confirmed by the Dutch Ministry of Education, Culture and Science for […]
The fifth edition of the Jazz Cave Festival will take place in Vâlcea County, southern Romania, between August 14 and 17, bringing over 22 bands from Europe, Africa, and South America to perform on four stages. This year, the event will be held in three concept-zones. The underground stages INNERLAND and KIDS CORNER, the latter […]
