Banks-Insurance
Central Bank Pumps RON12.1B Into Market
Romania's central bank Monday added 12.08 billion lei (EUR4.6 billion) to the money market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the mone...
Piraeus Bank Absorbs Ailing ATEBank’s Sound Assets, Including Romanian Unit
Greece's Piraeus Bank has absorbed the performing assets of ailing state-owned lender ATEBank, including the ATEbank Romania subsidiary, amid a process meant to restructure and financially s...
Romania To Double Threshold On Direct-Award Public Procurement Contracts
Romania’s Government plans to double to EUR30,000 the threshold on public service, works and product contracts awarded directly, without public procurement auctions.
Millennium Bank Romania Narrows Loss 35% In 1H 2012, To EUR6.5M
Millennium Bank Romania narrowed its 2012 first-half losses by 35.2%, to EUR6.5 million from EUR10.1 million in the first half of 2011, Portugal’s Millennium bcp, which owns the Romanian uni...
Leu Ends Up Vs Euro In Quiet Market
Romania’s leu closed stronger against the euro Friday, at 4.6050/4.6070 units, trading within a narrow range throughout the day and amid low traded values.
BRD Appoints New CEO. SocGen's Bulgarian Unit's Head To Take Over As Of September 1
Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) decided Friday to appoint Philippe Lhotte as the bank's chief executive officer and acting member of the Board starting Sep...
Leu Rises Vs Euro, Exchange Rate At 4.6118
The Romanian leu gained ground versus the euro in mid-trade Friday, and the central bank set the official exchange rate at 4.6118, about 0.2% stronger on the day.
Leu Down Vs Euro, Exchange Rate At 4.6205
Romania’s leu inched lower against the euro by midday Thursday and the central bank’s reference weakened to 4.6205 units, from 4.6186 units a day earlier.
Romania Wants New Precautionary Agreement With IMF In Bid To Calm Markets
The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of forei...