Banks-Insurance
BNR Injects RON3.25B In 8-Day Repo
Romania's central bank (BNR) Monday pumped 3.25 billion lei (EUR0.75 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to the mo...
BCR Asigurari To Change Name To Omniasig And Lower Capital Before Merger
Romanian insurer BCR Asigurari will lower its share capital by 80.2 million (EUR18.5 million), to RON43.19 million, to cover losses posted before the merger with Omniasig Vienna Insurance Gr...
Leu Exchange Rate Hits 2-Month High Of 4.3146 Vs Euro
Romania’s leu extended early gains versus the euro by midday Monday and the central bank’s reference strengthened 0.6% to 4.3146 units, the strongest rate in two months.
Moody’s Puts BRD On Review For Downgrade
Moody's Investors Service placed under review for downgrade the ratings of Romanian bank BRD-Groupe Societe Generale (BRD.RO), following the recent downgrade of French parent bank's ratings.
Erste Widens Its Stake In BCR To 88%
Austrian Erste Group Bank (EBS.RO) on Monday announced it has taken over another 6% in Romanian lender BCR, following deals struck with the five regional investment funds, or SIFs, widening...
SIF Oltenia Contributes RON37.1M To BCR Share Capital Hike
Regional investment fund SIF Oltenia (SIF5.RO), the only SIF not to sell its BCR stake to Austrian Erste, contributed 37.1 million lei (EUR8.54 million) to a share capital increase at the Ro...
Finance Ministry Wants To Extend Maturities Of Government Securities
The Finance Ministry will expand maturities of government securities, according to the requests of institutional investors and can even launch “specific instruments,” according to investor r...
Romania’s Top Four Insurers Are Worth Merely EUR630M
Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in Ro...
Dumitru, Raiffeisen: We Need Policies To Boost Domestic Saving. Growth Potential Reaches RON18B
Romania needs public policies that would enhance domestic saving if it wants to benefit from additional liquidity estimated at around 17 to 18 billion lei (approximately EUR4 billion), said...