Banks-Insurance
Banca Carpatica Chairman Carabulea Steps Down In Wake Of Prison Sentence
Businessman Ilie Carabulea on Thursday resigned from the position of chairman of the supervisory board of Romanian lender Banca Comerciala Carpatica (BCC.RO), after he was sentenced to one a...
Ilie Carabulea Sentenced To 1 And A Half Years In Prison
Romanian businessman Ilie Carabulea was sentenced Thursday to one and a half years in prison for bribing a prosecutor. The prosecutor, Florin Apostu, was sentenced to five years in prison.
Garanti Bank Romania 1Q Net Profit Rises 80%, To EUR5.8M
Garanti Bank Romania reported a consolidated net profit of EUR5.8 million in the first quarter of the year, up over 80% from the same period a year earlier.
BNR: Private Lending +0.5% On Month To RON224.3B In March
Romanian private lending inched up 0.5% in real terms to 224.3 billion lei (EUR51.2 billion) in March from a month earlier, central bank data showed Thursday.
Leu Stays In Ranges Vs Euro In Early Trade
The Romanian leu opened slightly up against the euro Thursday, but lost earlier gains within the first hour of trading, in a quiet market.
Volksbank To Become Newest State-Owned Bank In Romania
Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the natio...
Bridge Bank Procedures Almost Ready
The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the set...
Leu Gains Modestly Vs Euro On Positive Sentiment
Romania’s leu advanced versus the euro in late trade Wednesday, tracking the currencies in the region, and closed 0.1% higher on the day at 4.374/4.376 units.
IFC To Finance Agriculture, Infrastructure Projects In Romania In Next FY
The International Finance Corporation (IFC), the private lending arm of the World Bank, plans to finance agriculture and infrastructure projects in Romania worth over $30 million each in the...