Banks-Insurance
Leu Firms Vs Euro, Attuned To Region
Romania’s leu strengthened against the euro amid a quiet session Thursday, tracking the currencies in the region, and closed 0.4% higher on the day at 4.345/4.346 units.
Romania Sells RON917M 3-Year Bonds At 6.95% Average Yield
Romania’s Finance Ministry on Thursday sold 917.2 million lei (EUR211 million) in three-year bonds, above the planned amount, at an average yield of 6.95% a year, lower than at the previous...
Leu Up Vs Euro, Exchange Rate At 4.3446
Romania’s leu advanced against the euro by midday Thursday and the central bank’s reference strengthened over 0.4% to 4.3446 units, from an 18 and a month low of 4.3627 units in the previous...
François Coste Appointed GM At Romanian Insurer Groupama Asigurari
François Coste has been appointed to the position of general manager of Romanian insurer Groupama Asigurari to replace Sanda Nicoara, the insurer said in a press release Thursday.
Erste Recruits Sergiu Manea For BCR Investment Banking Unit
Austrian lender Erste has recruited Sergiu Manea for a newly created position of executive vice-president for investment banking at Romanian BCR, and the appointment is awaiting the central...
Leu Opens Stronger Vs Euro, In Line With Peers
The Romanian leu opened Thursday on a strengthening path against the euro, in line with the positive sentiment in other markets in the region.
BCR Makes Mortgage Loans In Euros More Expensive
BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-d...
Agriculture Ministry Gets Loan From Treasury For Direct Area Payments
Romania's Agriculture Ministry has been authorized by the Government to borrow 3.75 billion lei (EUR860 million) from the Treasury and use it on direct area payments to farmers.
Bankruptcy Procedure Will Also Apply To Reinsurers
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill approved Wednesday by Romania's Government, which amends Law 503/2004 o...