Banks-Insurance
Leu Stable Vs Euro, Trades Below 4.47 Units
The Romanian leu traded below 4.47 against the euro on Tuesday morning, in a very quiet market.
World Bank To Provide Consultancy To Romania’s Antitrust Body For RON20M
The World Bank will provide consultancy services to Romania’s Competition Council within a contract of 19.84 million lei (nearly EUR4.44 million), which will allow the antitrust body to opti...
Omniasig And BCR Asigurari Unable To Beat Astra Despite Merger
Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below As...
OMV: Petrom Will Remain An Integrated Company, But Any Fiscal Change Will Affect Investment Plans
Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges...
Cross-Border Lending To Romania Fell To $52.8B In 4Q 2011 - BIS
Cross-border lending to Romania’s economy fell by $3.8 billion (or 6.7%) at the end of last year to $52.8 billion, from $56.7 billion at the end of September 2011, and by $9.4 billion (15%)...
RBS: We Are Among The Most Profitable, But Giving Up Retail Will Make Us Stronger
RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most...
Greek Banks Manage To Draw In New Deposits Of EUR37M In 1Q
The calming of tensions over the Greek debt crisis in the first quarter of the year allowed Greek banks to retain their stocks of deposits.
Negritoiu: Applying Additional Tax On Wages Exceeding EUR1,000 Is Counterproductive
The Romanian Government’s plan to tax public sector wages by an extra 16% for amounts that exceed 4,500 lei (EUR1,000) per month is counterproductive, Misu Negritoiu, general manager of ING...
Greece’s Euro Exit To Direct Attention To Financing Loan Portfolio – Romanian Bank Official
Greece’s euro zone exit would raise the question of who will finance the loan portfolio of Greek lenders' subsidiaries in Romania, estimated at about EUR5-7 billion, ING Bank Romania general...