Banks-Insurance
How Much Bankers Get Back From A Loan In Default
Bankers manage to get back only 30% of unsecured consumer loans that default, with the rest amounting to losses, according to a study by the Romanian central bank BNR, conducted on a quarter...
Bank Of Cyprus 2011 Profit In Romania Down 34% To EUR6M
Bank of Cyprus Tuesday reported a 34% drop in its after-tax profit in Romania to EUR5.9 million in 2011, hit by lower revenue from interests, according to the lender’s financial report.
PAID Appoints Two New Board Members
The shareholders of Romanian Pool of Insurance Against Natural Disasters (PAID) decided Tuesday to appoint Constantin Toma, former head of insurer Omniasig, and Alexander Adamescu, as member...
Leu Dips Vs Euro In Calm Session
Romania’s leu closed slightly lower against the euro after a lackluster session Tuesday, amid low volumes.
KIWI Finance Swings To Profit In 2011, Sales Jump 140%
Romanian lending broker KIWI Finance on Tuesday announced that it has switched to profit in 2011, after three consecutive years of loss, while turnover jumped 140% to 6 million lei (EUR1.38...
Eximbank To Issue Guarantees Of EUR62M For Thermal Power Producer Craiova's Loans
Romanian state-owned thermal power producer Craiova will receive guarantees worth a total EUR62.4 million from Eximbank, in the form of guarantee letters, for two loans needed for environmen...
Government To Temporarily Eliminate Minimum Fee For Several Notarial Acts
The Romanian Government will draw up a list of notarial acts for which the minimum administrative tariff will be eliminated for one year, Justice Minister Catalin Predoiu said Tuesday.
Leu In Ranges Vs Euro, Exchange Rate At 4.355
Romania’s leu moved in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened marginally to 4.355 units, from 4.3535 units a day earlier.
Electrocentrale Deva Seeks RON200M Loan For Eco Works
Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, plans to contract a loan worth 200 million lei (EUR46 million) for environment investme...