Banks-Insurance
ING Bank Romania Pretax Profit Rises To RON161M In 2011
ING Bank Romania Wednesday said its pretax profit rose 26% to 161 million lei (EUR36.9 million) in 2011, from RON128 million a year earlier.
Tarom To Organize Auction On March 8 To Insure Its Fleet
Romanian state-run airline Tarom will organize an auction on March 8 to insure its fleet, and the new insurance contract will be valid for one year, starting May 1.
Moody’s May Cut Credit Ratings On Romanian BCR, Raiffeisen Bank
Moody's Investors Service Tuesday warned it might lower the credit ratings of 21 bank subsidiaries in central and eastern Europe region and Commonwealth of Independent States, including Roma...
UNSAR Members' Underwritten Premiums Fell 6% In 2011 To RON6.5B
Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell 6% last year to 6.5 billion lei (EUR1.5 billion) due to a 9%...
Ungureanu Pledges To IMF, EU To Continue Previous Government’s Reforms
Romanian Prime Minister Mihai Razvan Ungureanu on Wednesday assured officials of the International Monetary Fund and the European Commission the new Cabinet will continue the reforms pledged...
Leu Down Vs Euro, Exchange Rate At 4.3602
Romania’s leu edged lower against the euro by midday Wednesday and the central bank’s reference weakened 0.12% to 4.3602 units, from 4.355 units a day earlier.
Petrom Sees RON404M Hedging Loss In 2011
Romanian oil and gas group OMV Petrom (SNP.RO) on Wednesday said it recorded a loss of 404 million lei (EUR95.3 million) from hedging in 2011, compared to just RON6 million in the previous y...
Deutsche Bank: European Bank Deleveraging, Long-Term Threat For Romania
The European bank deleveraging in Romania and the escalation of the sovereign debt crisis are the external risks Romania will continue to face, warn the analysts of Deutsche Bank, the larges...
Swiss Franc Deposits Generate 70% Yield During Crisis
Deposits in Swiss francs generated gains of almost 70% for the customers who bet on this currency in 2008, when a franc was traded for an all-time low of 2.2 lei, but bankers say few custome...