Banks-Insurance
Leu Falls Vs Euro In Early Trade, On Higher Volumes
The Romanian leu opened Tuesday unnoticeably stronger against the euro, but soon lost ground on higher traded volumes, as foreign players started buying euro in larger amounts.
MPs In Hurry To Appoint Heads Of Financial Market Regulators
Political parties on Monday in an unexpected move decided to appoint their candidates to the helm of the institutions that supervise the capital market (CNVM) and private pensions (CSSPP), a...
Stake Of Home Insurance “War”: Sales Are Much Higher Than Claims Settled
Sales of voluntary home insurance totaled 641 million lei (EUR147 million) in 2011, up 70% on the previous year, in addition to more than RON35 million from mandatory insurance, according to...
Moody’s Lowers Hidrolectrica Outlook To Negative
Moody's Investors Service Monday said it has changed to negative from stable the outlook on the Ba1 long-term corporate family rating of Romanian hydropower generator Hidroelectrica S.A., wa...
Parliament Committees Endorse MP Marian Sarbu For CSSPP Head
The Romanian Parliament’s special committees on Monday unanimously endorsed MP Marian Sarbu for the position of president of private pension regulator CSSPP.
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu strengthened against the euro Monday, tracking the currencies in the region, and closed 0.2% higher on the day at 4.364/4.365 units.
Romania Sells RON300M 6-Month Bills; Yield Falls To Record 5.06%
Romania’s Finance Ministry on Monday sold a planned 300 million lei (EUR68.6 million) in six-month treasury bills, at an average yield of 5.06% a year, the lowest level on record.
Raiffeisen Bank Romania 2011 Net Profit Rises To EUR96M
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, Monday said its net profit rose 16% on the year to EUR96 million in 2011, fueled by higher income from loans.
Leu Up Vs Euro, Exchange Rate At 4.3691
Romania’s leu edged higher against the euro by midday Monday and the central bank’s reference strengthened for the fifth consecutive day to 4.3691 units, from 4.3712 units in the previous se...