Banks-Insurance
BNR Adds RON5.7B To The Market
Romania's central bank Monday injected 5.69 billion lei (EUR1.3 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the monetar...
Leu Opens Flat Vs Euro, Central Bank Presence Felt
The Romanian leu opened flat against the euro Monday, prompting dealers to suspect the continued presence of the central bank in the market, since the leu was trading at weaker levels agains...
Slowdown In Sales Of Mortgage Loans In First Two Months
The number of mortgage loans rose by only 2,000 accounts in January and February, a four times slower pace than in early 2011, considering bankers are only selling “First Home” scheme loans...
Individual And Corporate Debtors Are More Exposed To Leu Depreciation Than In 2008
Romania’s exposure to foreign currency loans, the country’s biggest vulnerability, has increased instead of falling in the three years since the start of the international financial crisis.
Dragoi: Treasury Carries A Comfortable Liquidity Buffer
Romania’s recent bond sales on the US market have helped the Treasury build up a “comfortable” liquidity buffer that can be used during emergencies, Finance Minister Bogdan Dragoi said Frida...
MKB Romexterra Bank Proposes RON70.6M Capital Increase
Romanian MKB Romexterra Bank, a unit of Hungary’s MKB Bank Zrt, Friday proposed increasing its share capital by 70.59 million lei (EUR16.1 million) to RON197.7 million.
Bostina Si Asociatii Posts Record EUR33.4M Turnover For 2011
Bostina si Asociatii on Thursday said it posted a turnover of EUR33.4 million for 2011, a record among Romanian law firms, with one third of revenue coming from litigation and foreclosures.
Leu Slides Vs Euro; Central Bank’s Intervention Suspected
Romania’s leu continued to retreat against the euro in late trade Thursday and hit the day’s low of 4.39 per euro, with dealers suspecting a covert intervention from the central bank to prev...
Private Pension Funds' Net Assets Up 4.2% In February, To RON7.48B
The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) reached 7.48 billion lei (EUR1.71 billion) at the end of February 2012, up 4.2% from January, private p...