Banks-Insurance
Private Pension Fund Yields Lower Than Bank Deposit Rates
Clients of private pension funds would have earned twice as much if they had they placed their money in banks.
ING: Romania Bank Liquidity Shortage Widened In December
The liquidity gap in the Romanian banking system has widened significantly in December, with lenders borrowing on average 4.1 billion lei (EUR0.94 billion) a day from the central bank, well...
Leu Exchange Rate Hits 18 ½-Month Low Of 4.3625 Vs Euro
Romania’s leu recovered part of its early losses against the euro by midday Tuesday, but the central bank’s reference lost 0.2% on the day to 4.3625 units, the lowest rate in 18 and a half m...
Erste Cuts Romanian Proprietatea Fund Target Price To RON0.51/Share
Austria’s Erste Group Bank Tuesday cut by 29% to 0.51 lei (EUR0.117) a share its 12-month target price on Romanian investment fund Fondul Proprietatea (FP.RO), while keeping its recommendati...
Leu Falls To 4.37 Vs Euro In Early Trade
Romania’s leu opened down against the euro Tuesday morning and traded just shy of 4.37 units in early session, with dealers suspecting a covert intervention from the central bank to steer th...
Romania Needs To Advertise Abroad To Raise Funds, Says Deputy FinMin
Romania’s big challenge this year will be to advertise on the international market, so that it would differentiate itself from countries in trouble in the region and borrow at reasonable ter...
Treichl Finds Another Expat To Replace BCR’s CEO
Dominic Bruynseels, who has been running BCR since the summer of 2008, should leave his position with the largest bank on the Romanian market owned by Austria’s Erste by the end of the first...
Raiffeisen’s van Groningen Stays For Another Term
Dutch-born Steven van Groningen, who has been president and chief executive officer of Raiffeisen Bank Romania since 2002, has negotiated a new term at the helm of Raiffeisen's local subsidi...
Defense Ministry Wants To Buy Life Insurance For Troops Stationed Abroad
The Romanian Defense Ministry will organize an auction on February 27 to buy life insurance for troops deployed overseas.