Banks-Insurance
ING: BNR Is Able To Fill The Financing Gap At Greek Banks
Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Roman...
NBG First-Quarter Loss In Romania Widens To EUR11M
The National Bank of Greece (NBG) Wednesday said its losses in Romania widened to EUR11 million in the first quarter, from RON1 million in the year-earlier period, hurt by falling revenue fr...
Greek Piraeus Bank Assets In Romania Fall To EUR3.34B In 1Q
Greece’s fourth-largest lender Piraeus Wednesday said its assets in Romania slid 4.6% to EUR3.34 billion in the first three months, from EUR3.5 billion in the previous quarter.
Leu Slips Vs Euro, In Line With Neighbors
Romania’s leu retreated against the euro in late trade Wednesday and closed over 0.2% weaker on the day, amid a negative sentiment in the region after Greek polls showed an anti-austerity me...
Asirom Net Profit Fell 62% In 2011, To RON6.7M
Romanian insurer Asirom on Wednesday reported a net profit of 6.67 million lei (EUR1.5 million) in 2011, down 62% on the year and lower than its expectations, of RON39.3 million.
Leu Exchange Rate Gains To 4.4616 Vs Euro, Falls To All-Time Low Vs US Dollar
Romania’s leu traded slightly above 4.6 per euro by midday Wednesday and the central bank’s reference continued to strengthen, albeit at a slow pace, reaching 4.4616 units, from 4.4639 units...
Agricover Names Robert Rekkers As Non-executive Director
Romanian agribusiness group Agricover on Wednesday said it has appointed Robert Rekkers, the former chief executive of lender Banca Transilvania, in its Board of Directors, where he holds a...
Omniasig Eyes Underwritten Premiums Of RON1.2B In 2012
Romanian insurer Omniasig (former BCR Asigurari) estimates it will underwrite insurance premiums of 1.2 billion lei (EUR269 million) in 2012, a volume similar to that in 2011, the company's...
Leu In Ranges Vs Euro, Stays Around 4.465 Units
The Romanian leu traded around 4.465 against the euro Wednesday morning, in a quiet market.