Banks-Insurance
Erste To Write Down EUR210M Goodwill On Romanian BCR Unit
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it will write down EUR210 million in goodwill on its Romanian unit BCR because of the latter’s disappointing first-half result.
Leu Loses Early Gains Vs Euro, Exchange Rate At 4.5694
Romania’s leu reversed earlier gains versus the euro by midday Tuesday and the central bank’s reference weakened to 4.5694 units, from a two-week high of 4.5558 units a day earlier.
BCR Switches To RON546M Loss In 1H As Provisions Rise
Romanian leading bank group Banca Comerciala Romana (BCR) Tuesday said it has switched to a loss of 546.4 million lei (EUR120 million) in the first half from profit a year earlier, hit by hi...
Finance Ministry Brings Back Enache Jiru As State Secretary - Sources
Romania’s Finance Ministry named Enache Jiru as secretary of state and head of the State Treasury head to replace Cristian Sporis, sources with the ministry told MEDIAFAX Monday.
Deputy Fin Min Returns To Raiffeisen As Vice-President Of Corporate Unit
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, Monday said it appointed Cristian Sporis, secretary of state with Ministry of Public Finance, as the bank’s vic...
Leu Gains 0.9% Vs Euro On Higher Volumes
Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed almost 0.9% stronger on the day, amid rising volumes after investors pared short positions.
Capital Economics: Leu Could Weaken Further As Political Upheaval Likely To Continue
The apparent survival of Romania’s suspended president Traian Basescu in Sunday’s referendum could throw the country deeper into political turmoil, most likely pushing the leu to new record...
BRD First Half Net Profit Falls On Higher Risk Costs
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months o...
Leu Exchange Rate Hits 2-Week High Vs Euro, Investors Pare Short Positions
Romania’s leu climbed against the euro Monday as investors cut back their bets the national currency would continue its decline following weeks of political instability, and the central bank...