Banks-Insurance
AXA Life Insurance Wins RON18.1M Contract With Electrica
Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract.
Leu Widens Gains Vs Euro, Exchange Rate At 4.3045
Romania’s leu extended early gains versus the euro by midday Wednesday and the central bank’s reference strengthened roughly 0.2% to 4.3045 units, the highest rate since end-September.
JPMorgan: Romanian Leu To Gain 3% Vs Euro In Coming Days
Romania’s leu is bound to strengthened by 3% against the euro over the next few weeks as local lenders prepare to transition to international accounting standards and will be exchanging euro...
IMF Sees Romania's Structural Deficit At 0.1% Of GDP In 2012
Romania's structural deficit will drop from 2.8% of the gross domestic product this year, to 0.1% of the GDP in 2012, thus respecting the 0.5% limit established in the latest European summit...
Marfin Bank Romania Posts EUR4.3M Net Profit In First Nine Months
Marfin Bank, controlled by the Cypriot group of the same name, reported a net profit of EUR4.3 million in the first nine months, under international financial reporting standards (IFRS). Thi...
Danila, BNR: We Can No Longer Put Off Building A Strategic Bank
Romania is facing a strong credit crisis, as well as prospects of banks that are part of foreign groups limiting their funding even further, so it has no excuses for postponing the construct...
Eureko Asigurari De Viata Appoints A Second Deputy GM
The shareholders of insurer Eureko Asigurari de Viata have decided to create a new deputy general position, which will be held by current chief commercial officer Alexandru Leondari.
Franks: Romania, World Bank Could Sign IMF-Like Deal In 2012
The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International...
Leu Reverses Gains Vs Euro, Ends Slightly Weaker
Romania’s leu lost modestly against the euro in late trade Tuesday and closed at 4.316/4.317 units, from 4.312/4.3145 units a day earlier.