24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Weakens Vs Euro, Unlike Neighbors
Romania’s leu edged lower against the euro Tuesday, contrary to the movement in the region, and closed at 4.35/4.352 to the euro amid a quiet market and on slightly raised volumes.
Hidrolectrica Says Bilateral Deals To Be Terminated ASAP
Romanian state-run energy producer Hidroelectrica will terminate its bilateral deals concluded outside the energy market OPCOM at the earliest possible time, the company said Friday.
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3497
Romania’s leu moved around 4.35 per euro by midday Tuesday and the central bank’s reference weakened 0.2% to 4.3497 units, from 4.3409 units a day earlier.
UniCredit Tiriac Bank, EIF Sign EUR87.5M JEREMIE Agreement
The European Investment Fund and Romania’s UniCredit Tiriac Bank have signed a guarantee agreement under the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative, al...
SIF Transilvania Sells Entire BCR Stake To Erste
Regional investment fund SIF Transilvania (SIF3.RO) transferred the entire 6% stake it held in Romanian lender BCR to Austria's Erste Group Bank (EBS.RO), and received a 1% stake in the Aust...
Leu Weakens Vs Euro In Thin Trading
Romania’s leu retreated against the euro in late trade Monday, in line with the currencies in the region, and closed weaker on the day, amid scarce volumes.
Bruynseels: BCR Could Distance Itself Further From Rivals
Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural...
Treichl, Erste: We Got Punished By Reality For Buying BCR
Buying Romania’s bank Banca Comerciala Romana (BCR) has proved to be a very “expensive venture” for Erste Bank, as the global financial and economic crisis severely impacted the region, said...
BCR Risk Officer: Up To 15% Of Bad Loans Due To Fraud
Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Micha...
Romania Sells RON1.42B 11-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year.
Romania Central Bank Says Lenders Overcharge, Calls For Increased Competitiveness
The weak level of competitiveness in the Romanian banking system is allowing banks to dump some of their costs on to their customers, central bank governor Mugur Isarescu said Monday.
Leu Loses Edge Vs Euro, Exchange Rate At 4.3409
Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3409 units, from 4.3397 units in the previous session.