Banks-Insurance
Banks Give Cheap Funding To State, Private Sector Clients Pay
Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion....
Raiffeisen Bank Romania’s Head Of Treasury Appointed Deputy FinMin
Romanian Prime Minister Mihai Ungureanu has appointed Cristian Sporis as the new deputy finance minister, in charge of the state Treasury.
Leu Ends Flat Vs Euro On Low Volumes
Romania’s leu closed flat at 4.3535/4.356 against the euro amid low volumes Friday, after a quiet session.
Moody’s Sees Romania Funding Needs Sliding To EUR17.2B In 2012
Romania’s financing needs are forecast at EUR17.2 billion in 2012, slightly lower on the year, but the government is likely to borrow an extra EUR800 million to set up a buffer for unforesee...
BNR: Overdue Loans Up 4.5% To RON22.3B In January
Romanian overdue private loans rose 4.5% on the month to 22.3 billion lei (EUR5.12 billion) in January, equal to 9.93% of the total lending, central bank data showed Friday.
Leu Exchange Rate Strengthens Slightly To 4.3535 Vs Euro
Romania’s leu retreated modestly against the euro by midday Friday, in line with the currencies in the region, but the central bank’s reference strengthened slightly to 4.3535 units, from 4....
Development Minister OKs Three EU-Funded Projects In Brasov Worth RON30M
Romania’s Regional Development Minister Cristian Petrescu on Thursday signed three contracts worth over 30 million lei (EUR6.9 million) to finance projects included in the Brasov development...
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu lost earlier gains versus the euro in late trade Thursday and closed flat on the day, amid an apathetic market.
Romania Sells RON122M 15-Year Bonds At 6.98% Average Yield
Romania’s Finance Ministry on Thursday sold 122 million lei (EUR28 million) in 15-year bonds, below the planned amount, at an average yield of 6.98% a year.