Banks-Insurance
Georgescu: Banking System Is Solid, No Need For Bridge Bank
Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating si...
Leu Falls To 4.45 Vs Euro, Central Bank Steps In
The Romanian leu fell against the euro in early trade Wednesday as negative sentiments persisted on international markets, and the central bank stepped in to prop the national currency, deal...
BNR: Romania FDI Falls To EUR425M In First Quarter
Romanian foreign direct investment, or FDI, fell to EUR425 million in the first quarter of 2012 from EUR444 million in the same period a year ago, the central bank said Wednesday.
Romania 1Q Current Account Deficit Narrows To EUR544M
Romania's current account deficit narrowed to EUR544 million in the first quarter from EUR967 million in the same period of 2011, due mainly to the increase in the current transfers’ surplus...
ING Corporate: We Are Not Complaining About The Lack Of Financing Requests, But They Are Still Few
The corporate sector comes with requests for financing to the bank, most of them eligible, but they tend to focus on cost streamlining and on improving productivity rather than on boosting c...
Intesa Sanpaolo Loss In Romania Widens To EUR14M In 1Q
Italy’s Intesa Sanpaolo Tuesday said its net loss in Romania widened sharply to EUR14 million in the first quarter, from EUR2.5 million a year earlier, largely due to a EUR9 million loan res...
Astra Asigurari Switches To Loss In First Quarter
Romanian insurer Astra Tuesday said revenue from underwritten premiums fell 11.7% on the year in the first quarter, to 295.65 million lei (EUR66.57 million), while its bottom line turned neg...
OTP Bank Romania Switches To EUR4.1M Loss In 1Q
OTP Bank Romania, the local unit of Hungary’s financial group OTP, has switched to a loss of 1.2 billion Hungarian forints (EUR4.1 million) in the first three months, versus profit a year ea...
Leu Ends Slightly Higher Vs Euro, Unlike Neighbors
Romania’s leu traded near 4.44 per euro in late session Tuesday and closed slightly stronger on the day, with dealers suspecting the central bank has stepped in to support the national curre...