Banks-Insurance
SIF Banat-Crisana Posts 25% Hike In 2011 Revenue, To RON141.75M
Regional investment fund SIF Banat-Crisana (SIF1.RO) on Wednesday reported a revenue of 141.75 million lei (EUR33.4 million) for 2011, up 24.8% from RON113.51 million in 2010, backed by the...
EBRD To Lead EUR210M Syndicated Loan For Belgian Louis Delhaize
The European Bank for Reconstruction and Development Wednesday announced it will extend a syndicated loan worth up to EUR210 million to Belgian retailer Louis Delhaize Group, for the constru...
Private Pension Funds' Net Assets Up 4.7% In January, To RON7.14B
The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 7.14 billion lei (EUR1.6 billion) at the end of January 2012, up 4.7% fro...
Leu Continues To Trade In Narrow Range Vs Euro
Romania’s leu continued to trade in a tight range against the euro for the third day in a row Wednesday and closed flat on the day at 4.348/4.3495 units, at the end of a calm session.
Transelectrica Seeks RON150M Credit As Buffer On Balancing Market
Romanian power grid operator Transelectrica (TEL.RO) on Wednesday announced it seeks a 150 million lei (EUR34.5 million) credit line to use as buffer for the payment of transactions in the b...
Ruling Coalition Signs Protocol Backing Ratification Of EU Stability Treaty
The Romanian ruling coalition on Wednesday signed a protocol supporting the signing and ratification by the country of the EU fiscal stability treaty.
Leasing And Consumer Finance Companies Cut Portfolios By EUR1B In Two Years
Lending granted by non-bank financial institutions (NBFIs) included in the special register of the Romanian central bank narrowed by 14% in the past two years and reached 29.4 billion lei (E...
Leu Ends Flat Vs Euro In Lackluster Session
Romania’s leu traded slightly below 4.35 per euro amid a quiet session Tuesday and closed flat on the day, tracking the currencies in the region.
BRD To Free Up Provisions Of RON1.5B After IFRS Adoption
Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international...