Banks-Insurance
Leu Ends Slightly Up Vs Euro On Higher Volumes
Romania’s leu reversed part of its earlier gains versus the euro in late trade Wednesday, but closed slightly higher on the day, amid raising volumes.
Isarescu: Leu Reserve Requirements Lowered ‘Gradually’
Persistent cash shortage in the Romanian interbank market could prompt a reduction of the minimum reserve requirements for leu-denominated liabilities, but such a move would require extreme...
Carpatica Asig Eyes 40% Higher Premiums This Year
Romanian insurer Carpatica Asig wants to increase underwritten premiums by 40% this year, from just over 200 million lei (EUR45 million) in 2011.
Fondul Proprietatea Eyes Paying 20% Higher Dividend In 2013
Romanian Fondul Proprietatea (FP.RO) manager Franklin Templeton Wednesday estimated the fund will pay out its shareholders 15% to 20% higher dividend in 2013 compared to this year’s dividend...
Leu Exchange Rate Hits 5-Week High Of 4.4441 Vs Euro
Romania’s leu advanced against the euro by midday Wednesday and the central bank’s reference strengthened 0.5% to 4.4441 units, the highest rate in the past five weeks.
BNR Keeps Key Rate Unchanged At 5.25%
The Romanian central bank maintained a prudent stance Wednesday and left its key rate unchanged at a record low of 5.25% a year, in line with market expectations.
Leu Stable Vs Euro In Early Trade, On Low Volumes
The Romanian leu was stable against the euro in early trade Wednesday, in a quiet market and amid low traded volumes.
BNR: Romania Private Lending +0.9% On Month To RON227.1B In May
Romanian private lending inched up 0.9% in real terms to 227.09 billion lei (EUR50.85 billion) in May from a month earlier, central bank data showed Wednesday.
Leu Opens Stronger Vs Euro, On Low Volumes
The Romanian leu strenghtened slightly against the euro on Tuesday morning, in a very quiet market, with dealers expecting the central bank to protect the 4.47 mark.