Banks-Insurance
BNR: Romania Private Lending +3.3% In 2011, To RON223B
Romanian private lending rose 3.3% in real terms to 223 billion lei (EUR51.3 billion) in December 2011 compared with the same month a year earlier, central bank (BNR) data showed Wednesday.
Romanians Put Aside EUR5B During Crisis
Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis.
Ernst&Young: Romania M&A Market Down 28% To $909M In 2011
Romanian mergers and acquisitions market fell 28% on the year to $909 million in 2011, despite a slight increase in the number of closed deals, according to Ernst&Young data.
Romania's Creditors Barred From Placing Distraint On Shares In State Companies For Five Years
Romania's Government will bar the state's creditors from launching forced execution proceedings or placing distraint on shares in national companies received as guarantees, and will also ref...
POS Transactions Using Visa Cards Up 30% In Fiscal Year Ending September 2011
The number of Visa cards in circulation in Romania grew by 4.5% in the fiscal year ending in September 2011, to 6.85 million, while the value of POS transactions increased by around 30%, the...
Leu In Ranges Vs Euro, Exchange Rate At 4.3424
Romania’s leu traded near 4.34 per euro by midday Tuesday and the central bank’s reference strengthened modestly to 4.3424 units, from 4.3463 units a day earlier.
Visa Wants To Introduce Mobile Phone Payments In Romania This Year
Visa will begin talks with Romanian banks to introduce smartphone payment services, possibly as early as this year, said Catalin Cretu, Visa Europe general manager for Romania.
BCR BpL Deposits At RON800M In December 2011, Up 85% On Year
Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, t...
Leu Opens Slightly Up Vs Euro, In Quiet Market
The Romanian leu opened slightly stronger against the euro Tuesday, in a quiet market with low transferred volumes.