Banks-Insurance
Leu Stays In Ranges Vs Euro, In Quiet Market
The Romanian leu was mostly stable in early trade Thursday, staying below 4.35 per euro, in a relatively calm market.
Foreign Banks Cut Exposure To Romania By EUR2.6B In 3Q
The Austrian banks cut exposure to Romania by some EUR1.9 billion in the third quarter of 2011 compared with the mid-year level, due to pressures to reduce vulnerability to risk and consolid...
Fitch Rates Romania's $1.5B Bond At BBB-
Fitch Ratings Wednesday said it has assigned Romania's $1.5 billion notes, which carry a coupon of 6.75% and are due on 7 February 2022, a rating of'BBB-', in line with the country's soverei...
UNIQA Asigurari Names Romeo Jantea As Vice-President
Romanian insurer UNIQA Asigurari appointed Romeo Jantea in January to the position of vice-president, replacing Alfred Vlcek, the company said in a press release Wednesday.
Leu Ends Flat Vs Euro, Neighbors Gain Ground
Romania’s leu closed flat against the euro after a quiet session Wednesday, unlike its peers in the region, which gained up to 1.1% on the day following better-than-expected economic data in...
Romania Forex Reserves Fall To EUR32.7B In January
Romanian foreign exchange reserves fell to EUR32.69 billion in January from EUR33.2 billion a month earlier, central bank data showed Wednesday.
Leu Stable Vs Euro, Exchange Rate At 4.3447
Romania’s leu moved in tight ranges against the euro by midday Wednesday and the central bank’s reference weakened modestly to 4.3447 units, from 4.3433 units a day earlier.
Leu Gains Vs Euro, After Successful Bond Sale
The Romanian leu rose against the euro in early trade Wednesday, fueled by the successful sale of bonds on the U.S. market, dealers said.
Banca Transilvania 2011 Net Profit Up 35% To RON131.9M
Romanian lender Banca Transilvania (TLV.RO) Wednesday reported a preliminary net profit of 131.9 million lei (EUR31 million) for 2011, up 35% on the year, as provisioning costs fell, while n...