Banks-Insurance
Romania's Financing Costs May Increase After S&P Cut Euro Zone Ratings
An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone co...
BCR Sees EUR120M Pretax Profit In 2012
Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the...
Insurers Pay Millions For Property Damage Claims More Often
Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sal...
Leu Hits The Brakes Vs Euro Amid Reports Of Eurozone Rating Cuts
Romania’s leu traded north of 4.33 per euro in late session Friday, amid a negative sentiment in the region following media reports that Standard & Poor's is set to cut its ratings on severa...
Leu Widens Gains Vs Euro, Exchange Rate At 4.3322
Romania’s leu extended early gains versus the euro by midday Friday and the central bank’s reference strengthened roughly 0.3% to 4.3322 units, from 4.3446 units a day earlier.
Leu Opens Stronger, As Banks Sell Euro
The Romanian leu continued to strengthen in early session Friday, as local banks are selling euros, dealers said.
Romania Jan-Nov Current Account Deficit Narrows To EUR4.2B
Romania's current account deficit narrowed 6.6% to EUR4.23 billion in the first eleven months of 2011, from a gap of EUR4.53 billion in the year-earlier period, due mainly to shrinking trade...
Overnight Interbank Rates Hit Lowest Level Since Financial Crisis
Romanian overnight interest rates on the interbank market dropped to 1.71%-2.21% a year Thursday, amid liquidity surplus, reaching the lowest level since the global financial crisis first hi...
Raiffeisen Bank, Sister Co. Could Get EUR50M In EIB Money
The European Investment Bank is considering lending up to EUR50 million to Romanian financial institutions Raiffeisen Bank and Raiffeisen Leasing, the EIB said.