Banks-Insurance
Agricover Credit Borrows EUR12.5M From IFC To Finance Farmers
Romanian Agricover Credit IFN, part of agribusiness group Agricover, Wednesday said it will borrow EUR12.5 million from World Bank’s private financing arm IFC for on-lending to qualified sma...
Leu In Ranges Vs Euro, Exchange Rate At 4.3778
Romania’s leu moved in a tight range against the euro by midday Wednesday and the central bank’s reference advanced modestly to 4.3778 units, from 4.3791 units a day earlier.
Deposit Withdrawn From Greek-Held Banks Go To Major Local Banks
Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large n...
Banca Carpatica Switches To Profit Of RON8.54M In 1Q
Romanian Banca Comerciala Carpatica (BCC.RO) posted a net profit of 8.54 million lei (EUR1.9 million) in the first quarter, compared with losses of RON13.5 million in the same period of last...
Leu Edges Higher Vs Euro, Central Bank Intervention Suspected
Romania’s leu traded around 4.38 per euro in late session Tuesday and closed slightly stronger on the day, with dealers suspecting a covert intervention from the central bank to prop the nat...
Leu Exchange Rate Flat At 4.3791 Vs Euro, On Alleged Central Bank Support
Romania’s leu lost early gains versus the euro by midday Tuesday, but the central bank’s reference was barely changed on the day, with dealers suspecting the bank stepped into the market to...
SIF Banat-Crisana Limits Banca Transilvania Group's Voting Rights
The managing board of Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) limited to 5% the voting rights of shareholders allegedly acting in concern with Banca Transilvania (TLV.R...
Leu Opens Up Vs Euro In Quiet Market
Romania’s leu opened slightly higher against the euro Tuesday morning, in a quiet market and amid low volumes.
Major Insurers Laid Off 8% Of Their Staff Last Year
Five of the top ten companies on the insurance market cut the number of employees by 8% last year, as the industry as a whole continued to restructure because of the significant business dec...