Banks-Insurance
BCR: Romanian Government May Overshoot 2012 Deficit Goal
The Romanian government may overshoot its budget deficit target by around 0.8 percentage points because of the upcoming parliamentary elections this fall, according to estimates from the cou...
Deloitte Study: Romania Has 37 Companies In Regional Top 500
Romania has 37 companies in the Central European top 500 by turnover in 2011, according to a study by Deloitte.
Leu In Ranges Vs Euro, Exchange Rate At 4.4617
Romania’s leu traded near 4.46 per euro by midday Thursday and the central bank’s reference strengthened slightly to 4.4617 units, from 4.4665 units a day earlier.
BCR Cuts Romania GDP Growth Forecast To 0.7% In 2012
Romanian top lender BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), Thursday cut its forecast on the country’s economic growth to 0.7% in 2012 from 1.2% previously, saying it expects a...
How Banks Can Charge Twice For The Same Payment
The decline of credit sales and implicitly of interest rate income are forcing banks to identify new sources of income, which led to the emergence of fees that are difficult to justify, such...
Leu Rises Vs Euro In Early Trade, On Quiet Market
The Romanian leu climbed slightly against the euro on Thursday morning, trading below 4.465 units, in a quiet market.
Leu Slips Vs Euro On Higher FX Demand
Romania’s leu lost 0.4% versus the euro Wednesday, tracking the currencies in the region amid growing corporate demand for foreign currency, market participants said.
Leu Down Vs Euro, Exchange Rate At 4.4665
Romania’s leu weakened against the euro by midday Wednesday, and the exchange rate lost 0.2% to 4.4665 units, ending a five-day rally versus the European common currency.
BCR BpL 1H Net Profit Triples To RON10.8M
Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) Wednesday said its net profit more than tripled in the first half of 2012, to 10.8 million lei (EUR2.42 million), fueled by a 87%...