Banks-Insurance
Erste Says BCR Will Have Money For Loans Regardless Of Rating
The parent banks of three of the largest Romanian lenders, BCR, Raiffeisen and UniCredit Tiriac Bank, had their ratings downgraded by Moody’s on Wednesday, because their exposure to the regi...
Citibank Lends RON125M To Romania's Transelectrica
Romanian state-owned power grid operator Transelectrica (TEL.RO) took a five-month loan worth 125 million lei (EUR28 million) from the local unit of US financial group Citibank.
Leu Stays Around 4.46 Vs Euro In Early Trade
The Romanian leu traded around 4.46 against the euro Thursday morning in a market driven by commerciual demand for hard currency, dealers said.
Sergiu Manea Takes Charge Of ATE Bank Again
Sergiu Manea, one of the veterans of the Romanian banking system has returned as chief executive of ATE Bank, the local branch of the Agricultural Bank of Greece, replacing Sotirios Skandami...
Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stabilit...
CFR Gets State Loan To Pay Debts To Energy Suppliers
Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent.
Leu Ends Slightly Higher Vs Euro In Quiet Market
Romania’s leu traded near 4.46 per euro in late session Wednesday and closed slightly stronger on the day, amid a quiet market.
Georgescu: No Way The Leu Will Trade At 5 Units Vs Euro In 2012
Romanian Finance Minister Florin Georgescu Wednesday said the national currency will “in no way” fall to 5 units against the euro in 2012, despite its recent depreciation.
Romania Increases Guarantee Fund For First Home Program By EUR200M In 2012
Romania’s Government on Wednesday decided to increase by EUR200 million the guarantee ceiling for the state supported “First Home” program this year, and the money will be accessed only by t...