Banks-Insurance
Leu In Ranges Vs Euro, Traded Volumes Stay Low
The Romanian leu opened slightly higher against the euro Tuesday, but erased early gains later, while the transferred volumes remained low.
Romania's Public Debt Nears 40% Of GDP
Romania’s public debt is approaching its sustainability limit, 40% of GDP, the maximum level accepted by investors. At the price of creating a liquidity buffer, the growth of the public debt...
First Banking Merger Since Start Of Crisis: Intesa Absorbs CR Firenze
The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR Firenze will end after the merger becomes effec...
Leu Ends Slightly Higher Vs Euro
Romania’s leu strengthened modestly against the euro Monday and closed at 4.44/4.443 units, amid a quiet market.
More Than 1400 Employees Left Romanian Banking System In 1Q 2012
More than 1,400 employees left the Romanian banking system in the first three months of 2012, one of the most significant quarterly declines since the start of the crisis.
Brokered Insurance Premiums In Romania Up 7.1% In 1Q, To RON819M
Insurance brokers in Romania brokered premiums of 818.82 million lei (EUR184.3 million) in the first quarter of the year, up 7.1% from January-March 2011, according to insurance regulator CS...
Voluntary Private Pension Market Has High Growth Potential - Association
The Romanian voluntary private pension fund market (Pillar III) has a high growth potential considering that about 3.5 million people have financial resources to pay pension contributions in...
Leu In Ranges Vs Euro, Exchange Rate At 4.4408
Romania’s leu traded near 4.44 per euro by midday Monday and the central bank’s reference strengthened modestly for a third straight day to 4.4408 units, from 4.4421 units in the previous se...
BNR Adds RON7.9B To Market In Largest Repo Auction In More Than Two Years
Romania's central bank Monday added 7.94 billion lei (EUR1.78 billion) to the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetary...