Banks-Insurance
Leu Stays In Ranges, Exchange Rate At 4.4635 Vs Euro
The Romanian leu traded in a narrow range in the first half of Thursday session, and the central bank set the reference rate at 4.4635 versus the euro, little changed on the day.
Negritoiu, ING: Level Of Non-Performing Loans In Romania Too High
The level of non-performing loans in Romania, which hit 16% of total lending, is very high considering the low degree of indebtedness, ING Bank Romania manager Misu Negritoiu said Thursday a...
Leu Slightly Weaker Vs Euro In Early Trade
The Romanian leu traded in a narrow range versus the euro Thursday morning, on very low transferred volumes.
Bankers At ZF Summit: We’ll Wait For Economy To Rebound First Before Granting Loans Again
Bankers in Romania say that even though they have funds, they will wait for the economy and lending demand to rebound first before promoting loan sales more aggressively.
Alico Asigurari 2011 Net Profit Up 7.4% To RON74M, Highest On Local Market
Insurer Alico Asigurari Romania posted a net profit of 74 million lei (EUR16.6 million) last year, 7.4% higher compared to 2010, the highest profit posted on the local insurance market, comp...
Leu Ends Slightly Up Vs Euro, After Quiet Session
The Romanian leu traded in a narrow range Wednesday, closing around 4.463 against the euro, in a quiet market.
BRD VP: Failure Of T-Bill Auction May Be Linked To Hidroelectrica Insolvency
The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand...
Orban: Romania Wants To Draw EUR3.1B In European Structural, Cohesion Funds In 2012
The Romanian government targets to draw EUR3.1 billion this year through programs financed with European structural and cohesion funds, according to a memorandum approved by the Cabinet Wedn...
Bucharest Court Approves Hidroelectrica's Insolvency
The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said.