Banks-Insurance
Banca Carpatica Swings To RON12M Pretax Profit In 1H
Romanian lender Banca Comerciala Carpatica (BCC.RO) has swung to a pretax profit of 11.9 million lei (EUR2.7 million) in the first half versus losses a year earlier, the bank said in its fin...
IMF Cuts Romania GDP Growth Forecast To 0.9% In 2012
The International Monetary Fund has revised down its forecast on the Romanian economy to 0.9% in 2012 from 1.5% previously, IMF mission chief Erik de Vrijer said Tuesday.
Leu Stays In Ranges Vs Euro, Unmoved By GDP Data
The Romanian leu traded in a narrow range Tuesday morning, unaffected by better-than-expected economic growth data, dealers said.
Banca Romaneasca To Become Majority Shareholder Of NBG Leasing
Banca Romaneasca will take over 93.57% of the stock of NBG Leasing, replacing National Bank of Greece as majority stakeholder, following a successive reduction and increase of capital to 15....
Hidroelectrica's Relations With Banks Seen Improving
The banks are winning hundreds of million euros from financing state-owned hydropower producer Hidroelectrica and any attack against the company is seen as an attack against the Romanian sta...
Leu Closes Flat Vs Euro In Quiet Trade
Romania’s leu moved in a tight range against the euro in late trade Monday and closed roughly flat on the day, amid a quiet market.
Romania Sells RON700M 8-Month Bills At 5.9% Average Yield
Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR154 million) in eight-month treasury bills at an average yield of 5.91% a year, central bank data showed.
Romania Central Bank Caps Again Repo Operations
Romania’s central bank has capped the amount offered at its weekly repurchase operations for a second consecutive time Monday, according to bank data.
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...