Banks-Insurance
BRD Sees Higher Bank Rates In Coming Months
Romanian bank interest rates are likely to increase in the coming period, despite the central bank’s monetary policy easing, the head of the country’s second largest lender BRD - Societe Gen...
Moody's: Romania's New Cabinet Unlikely To Deviate From IMF Reforms
Romania’s newly formed government is likely to continue the country’s economic and fiscal program under a EUR5 billion loan from the International Monetary Fund and the EU, a report from Moo...
Leu Steady Vs Euro, Exchange Rate At 4.3473
Romania’s leu traded in ranges against the euro by midday Tuesday, while the central bank’s reference was set at 4.3473 units, barely changed from 4.3477 units a day earlier.
BRD Net Profit Down 7% To RON465M In 2011
Romania’s second-largest lender BRD-Groupe Societe Generale (BRD.RO) Tuesday reported a net profit of 465 million lei (EUR109.7 million) for 2011, down 7% on the year, as the banking income...
Bankers Sit On A Mountain Of Cash, Are Forced To Cut Loan Interest Rates
Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be f...
Leu Remains Stable Vs Euro In Quiet Market
Romania’s leu moved in tight ranges against the euro amid a quiet market Monday and closed slightly higher on the day at 4.344/4.3455 per euro.
Asirom Plans To Sell 99.44% Stake In Private Pension Administrator Asirom-Concordia
Romanian insurer Asirom, member of Austria’s Vienna Insurance Group (VIG), plans to sell its 99.44% stake in private pension fund administrator Asirom-Concordia Pensii Facultative this year.
Romania Allots RON116M For SME Support Schemes In 2012
Romanian small and medium enterprises may access 116 million lei (EUR26.6 million) this year through eight programs implemented by the Agency for SMEs; the largest chunk of the funds, RON70...
Lidl Gets EUR50M Loan For Stores In Small Towns
German retailer Lidl has secured a EUR50 million loan from the International Finance Corporation (IFC), the private investment division of the World Bank, to finance its expansion in Romania...