Banks-Insurance
Leu In Ranges Vs Euro, Exchange Rate At 4.373
Romania’s leu moved in a tight range against the euro by midday Thursday and the central bank’s reference strengthened to 4.373 units, from 4.3742 units a day earlier.
Romania Household Income Up 5.8%, Household Spending Up 6.6% In 4Q 2011
The monthly average income per household and per capita in Romania rose 5.8% and household spending rose 6.6% in the fourth quarter of 2011 compared to the previous quarter, according to a h...
Leu Opens Stronger Vs Euro, Peers Follow
The Romanian leu opened Thursday stronger against the euro, in a quiet market, while other currencies in the region were seeing similar evolutions.
Dominic Bruynseels's Term At BCR: Growth Of Corporate Segment, Decline Of Retail Business And Many Bad Loans
After almost four years at the helm of BCR, British executive Dominic Bruynseels is leaving the largest bank on the market with a visibly stronger position on the corporate banking segment,...
Rabobank Owns EUR20M Worth Of Farmland In Romania
Dutch bank Rabobank is one of the most aggressive investors in farmland on the local market, having bought land worth EUR20 million in the last sixteen months, or 10,000 to 15,000 hectares,...
Eureko Asigurari’s Underwritten Premiums Up 1.6% In 2011, To RON42M
Romanian insurer Eureko Asigurari underwrote gross premiums of 42.04 million lei (EUR9.61 million) in 2011, up 1.6% on the year, and reduced losses by 70% to RON6 million, the company said i...
ALB Romania Members Granted Loans Of EUR469M In 2011, Up 15.4% On Year
The members of financial association ALB Romania last year gave out loans of EUR469 million, up 15.4% compared with 2010, according to data presented in a press conference.
Fondul Proprietatea Appoints New Board Members
The largest shareholders in Romanian investment fund Fondul Proprietatea (FP.RO), US hedge fund Elliottt Associates and City of London, will have three seats in the Board of Representatives,...
Romanian Leasing Market Up 20% In 2011, To EUR1.35B
The Romanian leasing market increased 20% last year to EUR1.35 billion, Antoaneta Curteanu, president of association of financial companies ALB Romania, said Wednesday.