Banks-Insurance
ING Bank Romania 1Q Pretax Profit Up 36% To RON65M
ING Bank Romania posted a pretax profit of 65 million lei (EUR14.6 million) in the first quarter, up 36% on the year, fueled by a 20% increase in assets, the bank said Friday.
Leu Stable Vs Euro In Quiet Market
The Romanian leu was mostly stable versus the euro in early trade Friday, in a quiet market, while the other currencies in the region were slightly falling.
BNR: Romania FDI Falls To EUR446M In Jan-Apr
Romanian foreign direct investment, or FDI, fell to EUR446 million in the first four months of 2012 from EUR490 million in the same period a year ago, the central bank said Friday.
BNR: Current Account Deficit At EUR1.23B In Jan-Apr, Down 23.7% On Year
Romania's current account deficit narrowed to EUR1.23 billion in the first four months from EUR1.61 billion in the same period of 2011, due mainly to the increase in the current transfers’ s...
The EUR1B Credit Line From World Bank Is Like Car Insurance – You Have An Accident, You Get The Money
The EUR1-billion credit line for Romania approved on Tuesday by the World Bank (WB) is the first loan of this kind that a European country takes out, and will consolidate the liquidity reser...
Leu Ends Flat Vs Euro For Third Straight Day
Romania’s leu closed flat versus the euro for the third consecutive day Thursday, amid low volumes and unfazed by a negative sentiment in international markets after disappointing US job dat...
BRD Factoring Revenue Up 53% To EUR900M In 2011
Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) reported revenue from factoring operations of over EUR900 million in 2011, up 53% on the year, securing a 35% share on the...
Romania Sells RON466M 2-Year Bonds At 5.82% Average Yield
Romania’s Finance Ministry on Thursday sold 465.8 million lei (EUR104.5 million) in two-year bonds, below the planned amount, as the average yield rose to 5.82% a year.
Pensioner Numbers Down By 24,000 In 1Q, Average Pension Up 0.8%
The number of Romanian pensioners was of over 5.5 million in the first quarter of 2012, 97,000 fewer than in the first quarter of 2011 and 24,000 fewer from the fourth quarter of last year,...