Banks-Insurance
Leu Up Vs Euro, Exchange Rate At 4.348
Romania’s leu edged higher against the euro by midday Tuesday and the central bank’s reference strengthened slightly to 4.348 units, from 4.3525 a day earlier.
Leu Strengthens Vs Euro In Early Trade
The Romanian leu opened roughly flat against the euro Tuesday, but it soon started to strengthen, in a quiet market with low traded volumes.
BNR Sees Lower Rates For Leu Loans In Next Months
Bank interest rates on Romanian leu-denominated loans are likely to enter a downward path in the coming months, but consumer confidence remains the main drive for lending growth, central ban...
Romania Sells RON500M 6-Month Bills At 5.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 500 million lei (roughly EUR115 million) in six-month treasury bills, at an average yield of 5.22% a year, lower than at the previous auct...
BCR Private Banking Assets Rise To EUR941M
Romania’s largest bank by assets Banca Comerciala Romana (BCR) Monday said its private banking business rose 29% to over 2,000 customers at the end of 2011, with total assets under managemen...
Allianz-Tiriac's Underwritten Premiums Down 12% In 2011, To RON906.3M
Romanian insurer Allianz-Tiriac Asigurari’s revenues from underwritten general and life insurance premiums stood at 906.3 million lei (EUR208.2 million) in 2011, down 12% on the year, and it...
BNR Injects RON5B Into Market In 7-Day Repo
Romania's central bank Monday pumped 5 billion lei (EUR1.15 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the monetary po...
Volksbank Romania Appoints New VP
Lender Volksbank Romania on Monday announced the appointment of Sorin Serban as vice-president, in charge with credit restructuring and debt recovery.
Isarescu Gives Banks A Breath Of Fresh Air, Eases Reserve Requirements
Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency.