Banks-Insurance
Leu Up Vs Euro, Exchange Rate At 4.3748
Romania’s leu edged higher against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3748 units, from 4.3778 units a day earlier.
BCR Banca pentru Locuinte 2011 Net Profit Rises To RON12M
BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, Thursday reported a net profit of 11.98 million lei (EUR2.74 million) in 2011, well above RON1.74 million a...
Leu Opens Flat Vs Euro, In Apathetic Market
The Romanian leu opened flat against the euro Thursday, trading around 4.377 units in a quiet market.
Leumi Turns Profitable In 1Q After Two-Year Restructuring Process
Israeli bank Leumi has completed its two-year restructuring process, which cut 10% of its personnel and almost halved its territorial network; the bank said it wants to stay in Romania and f...
Banks Sold EUR700M Bad Loans To Debt Collectors In 2011
Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks s...
Romania Keeps 2015 As Target For Euro Zone Accession
Romania maintains its objective of joining the euro zone in 2015, by entering the ERM II in 2013-2014 and reducing the structural deficit to less than 0.7% of the GDP by 2014, according to t...
Leu Weakens Vs Euro, Central Bank Intervention Suspected
Romania’s leu weakened against the euro amid a quiet market Wednesday, with dealers suspecting a covert intervention from the central bank to prevent a steeper depreciation of the national c...
Generali Romania Eyes 13% Increase In 2012 Underwritten Premiums To RON577M
Insurer Generali Romania (former Ardaf) estimates its underwritten premiums will increase 13% in 2012 to 577.82 million lei (EUR132 million), while losses might drop 80.8% to RON15.97 millio...
Astra To Insure Tarom's Fleet For Sixth Straight Year - Sources
Astra Asigurari has won the auction to insure the fleet of Romanian state-owned airline Tarom for the sixth consecutive year, people close to the matter told MEDIAFAX.