Banks-Insurance
Private Pension Funds' Net Assets Up 3.2% In June, To RON8.44B
The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) reached 8.44 billion lei (EUR1.84 million) at the end of June, up 3.2% on the month, private pension sy...
Change Of Direction In BNR’s Policy?
BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund.
Fitch Affirms Ratings Of Three Romanian Banks
Fitch Ratings Thursday affirmed its long-term credit ratings on Romanian banks UniCredit Tiriac Bank, Banca Transilvania (TLV.RO) and ProCredit Romania, the agency said in a statement.
BCR Asigurari de Viata Seeks RON11M Capital Hike
The shareholders of Romanian insurer BCR Asigurari de Viata have decided to increase the company's share capital by 11.04 million lei (EUR2.41 million), to RON32.97 million, through a cash c...
Head Of BNR Supervision: Most Banking Business Models Pursue Big Interest Margins
Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as...
How Much It Would Have Cost Mark Zuckerberg To Get A Home Loan In Bucharest
How much would Mark Zuckerberg have paid, had he taken out a loan in Romania? Twice as much as he is due to pay for his loan in the US.
Competition Watchdog OKs Alico's Takeover Of Aviva Operations
Romania's competition watchdog in June authorized the takeover of Aviva Asigurari de Viata and Aviva Pensii ABC Asigurari by Alico Asigurari Romania, controlled by American group MetLife.
Posta Romana Seeks RON100M Loan For Working Capital
Romania's national postal company Posta Romana will hold a tender in September for a loan of 100 million lei (EUR22 million) for 12 months, to finance its working capital.
ING Pensii CEO Named Head Of Romanian Private Pension Association APAPR
ING Pensii CEO Marius Popescu has taken over the chair of the Association of Romanian Privately Administered Pensions (APAPR), after former chairwoman Cornelia Coman was appointed head of IN...