Banks-Insurance
Generali Romania 1H Underwritten Premiums Down 2.3% To RON259.5M
Insurer Generali Romania underwrote gross premiums of 259.5 million lei (EUR57.2 million) in the first half of 2012, down 2.3% on the year, on the backdrop of a 2.9% decline in sales of gene...
Romanian Allianz-Tiriac Asigurari 1H Pre-Tax Profit Up 34% To RON7.4M
Romanian insurer Allianz-Tiriac Asigurari said Wednesday its profit before tax (BPT) stood at 7.4 million lei (EUR1.6 million) in the first half of 2012, up 34% compared with the similar int...
Romanian Banks Report RON192M Combined Loss In 1H As Provisions Rise
Romanian banks reported a combined net loss of 192 million lei (EUR43 million) in the first six months, hurt by rising provisions in the second quarter, central bank data showed Tuesday.
IMF Worried About Impact Of Political Situation On Romania's Economy
Erik de Vrijer, head of the IMF mission to Romania, said Tuesday in the meeting with acting president Crin Antonescu that the Fund is worried about the impact of the current political situat...
RBS To Lay Off 350 Employees As Part Of Plan To Abandon Retail Division
UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employee...
Isarescu: Political Feud Weights On Leu, Will Soon Affect Financing Costs
Mugur Isarescu, governor of Romanian central bank BNR, on Monday warned politicians that Romania would not only be penalized through the depreciation of the leu for the unending scandal, but...
BCR: Leu To Stay At 4.6 Vs Euro Until Year-end
The Romanian leu is likely to trade at around 4.6 per euro until the end of 2012, due to a longer-than-estimate period of political instability, according to estimations from the country’s l...
Romania’s Top Three Life Insurers Paid Dividends Of EUR100M In Five Years
Romania’s top three life insurance companies, ING Asigurari de Viata, BCR Life and Alico, registered net profits of 526.3 million lei between 2007 and 2011, and paid out dividends of RON417....
Isarescu Says Mistrust In Romania’s Ability To Absorb EU Funds Is Dangerous
Romanian central bank governor Mugur Isarescu Monday said the governments’ failure to absorb European Union funds caused a “defeatism” towards the country’s ability to draw such funds, which...