Banks-Insurance
Bancpost Official: Leu Depreciation Is Worrying Us, But It Has Not Reached A Critical Threshold
The weakening of the leu against the euro by around 2% in the past few weeks is a reason for concern regarding clients’ ability to repay their foreign currency loans, but at least for now it...
Isarescu’s Dilemmas: How To Juggle Exchange Rate, Interests, Exports, Leu Savings And Lack Of Foreign Funding
Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty y...
Marfin Bank Romania Posts Net Profit Of EUR1.1M In 1Q
Cypriot lender Marfin Bank posted net profit of EUR1.1 million in Romania in the first quarter, up from EUR60,000 in the first three months of last year.
Volksbank Romania Posts Narrower-Than-Expected Loss In 1Q
Volksbank Romania, the local unit of Austria’s Volksbank AG, posted a loss of EUR7 million in the first quarter, narrower than expected, the mother bank said in its financial report Tuesday.
Leu Closes Up Vs Euro In Quiet Market
Romania’s leu closed slightly stronger against the euro in a quiet market Tuesday, amid above-average volumes.
Romania To Set Property Tax Considering Property Use, Not Category Of Contributors
Romania’s Government will change the formula used to compute property taxes and will consider the property use, not the category of taxpayer, according to its latest letter of intent to the...
Leu Exchange Rate Gains Modestly To 4.4639 Vs Euro
Romania’s leu advanced modestly against the euro by midday Tuesday and the central bank’s reference strengthened for the third consecutive session to 4.4639 units, from 4.4641 units a day ea...
Leu Opens Up Vs Euro, In Quiet Market
The Romanian leu rose slightly against the euro in early trade Tuesday, in line with the other currencies in the region, but the transferred volumes were low.
Citibank Head: The First Quarter Was A Prelude To A Flat Year, In Contrast With The Optimism Of Spring 2011
The biggest risk that the local economy is facing this year concerns the impact that a prospective “disorderly exit” of Greece from the euro zone would have on the risk perception of Romania...