Banks-Insurance
Leu Flat Vs Euro In Early Trade
Romania’s leu opened flat against the euro Friday morning, preparing for what seems to be another less-than-spectacular day on the interbank market.
Loans In Lei Become More Expensive In January
Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margin...
Romania Sells RON474M 10-Year Bonds At 6.75% Average Yield
Romania’s Finance Ministry on Thursday sold 473.6 million lei (EUR109 million) in 10-year treasury bonds, slightly above the planned amount, at an average yield of 6.75% a year, lower than a...
Isarescu Says Lenders Bound To Cut Interest Rates
Romanian banks are bound to lower their interest rates this spring, as liquidity in the system is increasing, central bank governor Mugur Isarescu said Thursday.
BNR: Forex Reserves Rise To EUR33.4B In February
Romanian foreign exchange reserves rose to EUR33.38 billion in February from EUR32.7 billion a month earlier, central bank data showed Thursday.
Dragoi: Romania To Tap Foreign Debt Markets Again In Second Half Of 2012
Romania plans to tap international debt markets again in the second half of 2012, following two successful US dollar bond issues launched earlier this year, Finance Minister Bogdan Dragoi sa...
Isarescu: Romania Must Cover Social Security Budget Deficit By Creating New Jobs
Romania must cover its social security budget deficit by creating new jobs, because raising taxes will only encourage tax evasion, central bank governor Mugur Isarescu said Thursday.
Leu Opens Flat Vs Euro, In Still Market
The Romanian leu opened Thursday flat against the euro, with little to no trading in the market, while other currencies in the region were seeing a similar pattern of evolution.
Treichl, Erste: Two Years Ago I Was More Nervous About BCR Than I Am Now
BCR is not an inefficient bank - it has not done badly under the circumstances - and once the economic situation improves, it will be a very profitable bank, says Andreas Treichl, CEO of Ers...