Banks-Insurance
BNR Pumps RON6.1B Into Market
Romania's central bank (BNR) Monday added 6.1 billion lei (EUR1.44 billion) to the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the mone...
Austria’s Erste 1Q Net Profit +7.8% On Year To EUR346.5M
Austria's Erste Group Bank AG (EBS.RO) Monday said its net profit after minorities rose 7.8% on the year to EUR346.5 million in the first quarter, largely fueled by a one-time income of EUR2...
Leu Opens Slightly Higher Vs Euro
The Romanian leu edged higher against the euro in early action Monday, recovering part of last session’s losses in the aftermath of the government’s collapse.
BRD 1Q Net Profit Falls 39% To RON83M
Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Monday reported a 39% drop in first-quarter net profit, as an increase in risk costs offset the improvement in operating in...
Generali Settles For 5% Market Share In Romania Only To Return To Profit
Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because o...
BCR’s New Board Eyes Return To Profit
The new management team of Banca Comerciala Romana, or BCR, has set as main target a return to profit in the medium term. The Romanian central bank has recently approved the appointment of T...
IMF, EC Expect Romania’s New Cabinet To Fulfill Its Commitments Toward International Partners
The International Monetary Fund and the European Commission have high hopes that Romania’s new Cabinet will fulfill its commitments toward international partners, according to a press releas...
Banca Transilvania Holders OK RON129M Capital Hike - Sources
The shareholders of Romanian lender Banca Transilvania (TLV.RO) on Friday approved increasing the bank's share capital by 129.3 million lei (EUR29.5 million), to RON1.903 billion, and launch...
Banca Transilvania Treasurer Appointed Deputy General Manager
Romanian Banca Transilvania (TLV.RO) treasurer Luminița Runcan has been appointed deputy general manager and approved by the bank's board on Thursday.