Banks-Insurance
Mihai Tecau Named Board Chairman Of Insurer Omniasig
Mihai Tecau has been appointed chairman of the board of Romanian insurer Omniasing, set up through the merger of insurers BCR Asigurari and former Omniasig, controlled by Austrian group Vien...
UniCredit Tiriac Bank 1Q Net Profit Falls To RON24M
Romania’s UniCredit Tiriac Bank on Thursday reported a first-quarter net profit of 24.1 million lei (EUR5.6 million), down 26.6% on the year.
Romanian Open-End Fund Assets Up 3% To RON7.6B In April
The combined net assets of Romanian open-end investment funds rose 3.1% to 7.62 billion lei (EUR1.69 billion) in April, from RON7.4 billion a month earlier, the Romanian Association of Asset...
Romania Sells RON1.34B 4-Year Bonds At 6.09% Average Yield
Romania’s Finance Ministry on Thursday sold 1.34 billion lei (EUR303 million) in four-year bonds, above the planned amount, at an average yield of 6.09% a year, central bank data showed.
Leu Down Vs Euro, Exchange Rate At 4.4165
Romania’s leu edged lower against the euro by midday Thursday and the central bank’s reference weakened to 4.4165 units, from 4.416 units a day earlier.
Leu Opens Stronger Vs Euro In Quiet Market
The Romanian leu opened Thursday below 4.42 versus the euro, in a quiet market, after a strong depreciation in the previous session.
Euronet Paid $18 Million To Buy Payment Processor PayNet
Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads.
Analysts See Romania's Annual Inflation Easing To 2.2% In April
Romanian annual inflation rate has likely eased further to a fresh low of 2.2% in April, according to a median forecast of the country’s association of financial and banking analysts AAFBR.
Leu Falls Vs Euro; Central Bank Intervention Suspected
Romania’s leu weakened against the euro Wednesday, mirroring the currencies in the region, with dealers suspecting a covert intervention from the central bank to prop the national currency.