Banks-Insurance
Erste Reshuffles BCR Management: Tomas Spurny Named CEO
Romania’s top lender Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank (EBS.RO), has appointed Tomas Spurny as its new chief executive officer, the bank said in a statement...
Leu Rises In Early Trade, On Euro Sales
The Romanian leu rose against the euro at the start of Friday's interbank session, trading at 4.33 units, with dealers saying a local lender sells hard currency after it got permission to wr...
End Of Term For Bruynseels At BCR
After several months of rumors and speculations, Austria’s Erste Group is ready to publicly announce all the changes it decided to make to the management of its Romanian unit BCR, the larges...
Money Is Cheaper On Interbank Market, But When Will Loan Installments Go Down?
The costs at which banks borrow from one another have fallen significantly in the past few weeks thanks to the abundant liquidity on the interbank market and clients whose interest rates are...
Milcev, Ernst&Young: Tax Code Will Not Be Republished Within Next 2-3 Years
The republishing of the Tax Code, long awaited and expected for this year, will not take place within the next 2-3 years, believes Alex Milcev, Fiscal Assistance Partner at audit and consult...
Herghelegiu, PayU: Online Card Payments To Increase Over 25% This Year
The overall volume of online payments in Romania, from card payments on the internet, to orders made online and paid cash on delivery, is worth over EUR1 billion per year, Cristian Hergheleg...
BCR Sees 35% Rise In 2012 Bad Loan Provisions
Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenu...
BNR: December Overdue Loans Down 2.6% To RON21.3B
Romanian overdue private loans fell 2.58% on the month to 21.33 billion lei (EUR4.88 billion) in December, equal to 9.47% of the total lending, according to data released Thursday by the cen...
Leu Ends Higher Vs Euro In Thin Trade
Romania’s leu strengthened slightly against the euro amid low volumes Thursday and closed at 4.3365/4.3385 units, from 4.34/4.347 units a day earlier.