Banks-Insurance
Former BCR VP Oana Petrescu Becomes Advisory Partner At Deloitte
Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and fin...
Cocor On The Verge Of Foreclosure By BCR
Cocor Bucuresti (COCR.RO), owner of the eponymous shopping center in downtown Bucharest, might be foreclosed on by BCR, according to a report sent to the Bucharest Stock Exchange on Monday.
Fitch Downgrades Banca Romaneasca To 'B-' With Negative Outlook
Fitch Ratings on Monday downgraded Romanian lender Banca Romaneasca's (BROM.RO) long-term issuer default rating to "B-," with negative outlook, because of the bank's dependence on its parent...
Leu Ends Modestly Higher Vs Euro In Quiet Market
Romania’s leu traded near 4.46 per euro in late session Monday, amid low volumes, and closed slightly higher on the day at 4.462/4.463 units.
Romania Sells RON507M 1-Year T-Bills At 5.3% Average Yield
Romania’s Finance Ministry on Monday sold 506.8 million lei (EUR113.6 million) in one-year treasury bills, half the planned amount, as the average yield rose to 5.29% a year from a record lo...
BNR Adds RON11.5B To Market
Romania's central bank (BNR) Monday pumped 11.5 billion lei (EUR2.58 billion) into the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the...
Leu Widens Gains Vs Euro, Exchange Rate At 4.4594
Romania’s leu extended early gains versus the euro by midday Monday and the central bank’s reference strengthened to 4.4594 units, from 4.461 units in the previous session.
World Bank Discusses Romania’s EUR1B Loan On Tuesday
The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international fin...
Leu Closes Flat Vs Euro In Quiet Market
Romania’s leu traded slightly above 4.46 per euro in late session Friday and closed roughly flat on the day, in a quiet market.