Banks-Insurance
Generali Romania 1Q Underwritten Premiums Up 6% To RON138.3M
Insurer Generali Romania underwrote gross premiums of 138.3 million lei (EUR31.1 million) in the first quarter of the year, up 6% from January-March 2011, of which RON114.6 million for gener...
Leu Opens Slightly Up Vs Euro In Quiet Market
The Romanian leu followed the other currencies in the region and traded slightly up against the euro at the opening of Monday session, but the transferred volumes were extremely low.
Firms Liquidate Deposits Above EUR100,000 From Banks Because Of Lower Interest Rate
Almost 1,000 companies with bank deposits above 100,000 liquidated their deposits, while the number of depositors holding less than that amount fell by 7,800, according to the bank deposit g...
BNR’s Greatest Fear: Aggressive Lending Cut By European Banks
The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the...
What's Next For Burduja, Raiffeisen's Number Two
Marinel Burduja is getting ready to conclude the most important period of his banking career - the ten years during which he built the corporate banking division of Raiffeisen, but says he i...
Fitch Ups Outlook On Rompetrol's 'B+' Rating To Stable
Fitch Ratings on Friday revised the outlook on Netherlands-based The Rompetrol Group N.V. (TRG) to stable from negative while affirming its long-term foreign currency issuer default rating a...
UniCredit: Greek Euro Exit Unlikely To Hit Romania Too Hard
A potential exit of Greece from the eurozone is unlikely to have a significant impact on the Romanian economy, a senior official of Italy’s banking group UniCredit said Friday.
Allianz-Tiriac’s Underwritten Premiums Down 10% In 1Q, To RON230M
Romanian insurer Allianz-Tiriac’s underwritten life and non-life insurance premiums fell 10% on the year in the first quarter to 230 million lei (EUR51.7 million) and its pre-tax profit rose...
Leu Gains Vs Euro, Exchange Rate At 4.4421
Romania’s leu strengthened below 4.45 per euro around noon Friday and the central bank’s reference gained modestly to 4.4421 units, from 4.4435 units a day earlier.