Banks-Insurance
Garanti Bank Secures EUR22.5M Loan From IFC To Fund Women-Owned SMEs
Lender Garanti Bank Romania on Thursday said it will grant financing worth a total EUR22.5 million, targeting small- and medium-sized companies, especially those owned or managed by women, f...
Romania To Receive $434,000 From World Bank To Monitor Action Plans
The Romanian Government will receive non-reimbursable funds worth a total $434,000 from the World Bank, which will be used to draw up a system needed to monitor and evaluate action plans ela...
Insurance Pool PAID Might Pay Damages Of EUR26M Following Sudden Snow Melting
Rising temperatures and a sudden thawing of snow might lead to over 32,800 damage claims for insurance policies issued by the Romanian Pool of Insurance Against Natural Disasters (PAID), who...
Leu Up Vs Euro, Exchange Rate At 4.3557
Romania’s leu edged higher against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3557 units, from 4.3602 units a day earlier.
BNR: Romania Private Lending -0.6% In January, To RON222.5B
Romanian private lending fell 0.6% in real terms to 222.5 billion lei (EUR51 billion) in January compared with the previous month on the back of a decrease in leu-denominated loans, central...
Negritoiu, ING: We Would Be Extremely Happy To Sell As Many Mortgage Loans In Lei As Possible
ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans...
Central Bank Deputy Governor Becomes President Of Commercial Arbitration Court
Bogdan Olteanu, deputy governor of the Romanian central bank, took over at the end of January as president of the Court of International Commercial Arbitration attached to Romania’s Chamber...
Banks Want Longer Maturities On Bonds, Transparency From The New Treasury Head
Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts...
Leu Closes Slightly Lower Vs Euro In Quiet Market
Romania’s leu weakened modestly against the euro Wednesday and closed slightly below 4.36 units, amid a quiet market.