Banks-Insurance
World Bank To Assist Romanian Transport Ministry Increase Management Capacity, Efficiency
Romanian Transport Minister Alexandru Nazare on Wednesday signed a 16.73 million lei (EUR3.8 million) financing contract for a project through which the World Bank will provide assistance to...
Marfin Bank 2011 Loss In Romania Widens To EUR4M
Cyprus' second largest lender Marfin Bank Wednesday said its loss in Romania widened to EUR4 million in 2011, from EUR3.2 million a year earlier, hit by loan impairment expenses.
Volksbank Could Take Over Armonia Mall In Deal To Write Off Debts
Volksbank Romania, the local unit of Austria’s Volksbank AG, could take over the shopping center Armonia Braila, where it was the major creditor, according to liquidator Casa de Insolventa T...
Leu In Ranges Vs Euro, Exchange Rate At 4.3486
Romania’s leu moved in a narrow range against the euro by midday Wednesday and the central bank’s reference weakened marginally to 4.3486 units, from 4.348 units a day earlier.
Romania Plans To Sell RON5B Treasuries In March
Romania’s Finance Ministry plans to sell state paper worth 5 billion lei (EUR1.15 billion) in March, down from RON8.3 billion sold a month earlier, ministry data showed Wednesday.
Erste Posts EUR719M Loss In 2011, Despite Returning To Profit In 4Q
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced a net profit after minorities worth EUR254.1 million for the fourth quarter of 2011, which cuts the net loss for the year after...
Leu Stays Flat Vs Euro In Very Quiet Trading
The Romanian leu traded in a narrow range below 4.35 to the euro in the first hour of trading Wednesday, on very low transferred volumes, dealers said.
Erste Group Sets Money Aside For Compensation Pay In Romania, Hungary
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced it has made provisions for compensation pay in Hungary and Romania, which contributed to a 2.6% increase of staff expenditure, t...
BCR Net Profit Down 85% On Year To RON71M In 2011
Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income gen...