Banks-Insurance
Negritoiu, ING: 2012 Will Not Be Any Better Than 2011
Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the eco...
Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania
Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Aus...
Romania Sells $750M In Reopening Of 10-Year Bonds, At 6.45%
Romania sold Tuesday $750 million in the reopening of a 10-year bond issue on the U.S. market, meeting a strong demand that pushed the yields lower to 6.45%, from 6.875% in the previous debt...
Romanian Insurance Market Down 4.3% In 2011, To RON7.95B
Romania’s insurance market reached 7.95 billion lei (EUR1.8 billion) in 2011, down 4.3% on the year, on the backdrop of a 6.5% decrease in revenues from general insurance policies, to RON6.2...
Top Bank Salaries In December 2011
Romanian bankers from Spanish group La Caixa continue to be the best-paid in the Romanian banking system, ending 2011 with an average net wage of 10844 lei (EUR2490) in December.
Government Amends Law On Firms To Avoid EU Infringement Proceedings
The Romanian Government has simplified procedures to report changes in firm setup paperwork, so firms may post the respective information on their websites.
Romanian Central Bank Wins Lawsuits Filed By Former Volksbank Heads
The National Bank of Romania (BNR) has won the lawsuits filed against it in 2010 by Gerald Schreiner and Herwig Burgstaller, former managers of lender Volksbank Romania.
Romanian Insurer PAID's Portfolio Expected To Halve To 300,000 Policies By June 2012
The Romanian Pool of Insurance Against Natural Disasters (PAID) estimates it will administer around 300,000 mandatory home insurance policies by the middle of this year, down by half compare...
BCR Asigurari Holders Approve EUR47.7M Capital Hike Ahead Of Omniasig Merger
Shareholders of Romanian insurer BCR Asigurari decided Monday, February 27, to raise the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million, part of its merg...