AROBS Transilvania Software (AROBS.RO) has sold its entire stake in AROBS Polska to Poland’s WB Electronics Group. To be able to sell 100% in the subsidiary, AROBS had previously bought 5.66% in AROBS Polska held by a minority shareholder, it said in a report to the Bucharest Stock Exchange on Thursday. It did not reveal how much it got for AROBS Polska.
Provident Financial Romania, a company with nearly 200,000 active customers on the local market, is entering the credit card segment with the launch of ProviCard, the first such product in its portfolio. The card offers a revolving credit limit of up to RON10,000, can be accessed entirely online, and managed through the ProviGo app.