Banks-Insurance
Why Is No Top 10 Bank In Romania Run By A Woman?
None of the top 10 banks in Romania are run by a woman, although more than two thirds of employees in the financial services sector are women, according to a ZF analysis. In the entire banki...
Alico Romania GM: Life Insurance Market Seen Growing Up To 10% In 2012
Romania’s life insurance market will continue to maintain its positive trend in 2012, with the increase in underwritten premiums seen below 10%, Theodor Alexandrescu, head of insurance compa...
Romania Continues To Borrow Money From Treasury For EU-Funded Projects
Romania’s Government will borrow 500 million lei (EUR114 million) from the state treasury to cover payments in the second quarter of the year for the EU-funded regional operational program “...
Leu Stays Flat Vs Euro, In Quiet Market
The Romanian leu traded in narrow range versus the euro Monday morning in a quiet market with low transferred volumes.
MedLife Creates Broker To Sell Insurance
MedLife, the largest private medical service operator on the local market, controlled by the Marcu family, is branching out into the private insurance market with MedLife Broker Asigurare Re...
Greek Banks Have Fewer Loans In Their Balance Sheets, Deposits Are EUR1B Lower
The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees.
Italo Romena: Hopefully New Sales Should Cover Loan Repayments
Italo Romena bank, which operates as a subsidiary of Italian group Veneto Banca, has set as a target for this year to hold on to its volume of financing of around EUR950 million, believing t...
Piraeus Bank Romania Pretax Profit Falls To EUR31M In 2011
Piraeus Bank Romania, the local unit of Greek financial group Piraeus, reported a pretax profit of EUR31 million in 2011, down 64.5% from EUR51 million a year earlier.
NBG Switches To EUR13M Loss In Romania In 2011
The National Bank of Greece (NBG) posted losses of EUR13 million in Romania last year, compared with profits of EUR13 million in 2010, as a result of falling revenue.