Banks-Insurance
EBRD Could Lend EUR16.2M For Water Infrastructure Upgrades In Mures
The European Bank for Reconstruction and Development is considering providing a loan of up to EUR16.2 million to Aquaserv company in Romanian central county of Mures, the bank said in a stat...
CEC Bank Blocks Several Cards Amid Fraud Scare
Romanian state-owned lender CEC Bank said Wednesday it has blocked a number of bank cards issued by financial institutions in Romania, citing possible security breaches.
Insurance Regulator Approves Ardaf, Generali Asigurari Merger
Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies.
Leu Ends Slightly Higher Vs Euro
Romania’s leu lost part of its early gains versus the euro in late trade Wednesday, mirroring the currencies in the region, and closed slightly stronger on the day at 4.344/4.346 units.
Fitch: Bank Asset Quality In Romania Remains Weak, Could Deteriorate Further
Romanian bank asset quality has continued to weaken and further deterioration without strengthening of banks' capital could result in the sector outlook turning negative, Fitch Ratings said...
Romanian President: State, Private Sector Equally Blamable For Corruption, Lack Of Competitiveness
The state can’t be uncompetitive or corrupt by itself and it has a partner in the private sector, Romanian President Traian Basescu said Wednesday, adding he is not blaming anyone but respon...
Leu Up Vs Euro, Exchange Rate At 4.3415
Romania’s leu traded near 4.34 per euro by midday Wednesday and the central bank’s reference strengthened almost 0.2% to 4.3415 units, from 4.3497 units a day earlier.
Leu Opens Stronger Vs Euro, On Low Volumes
The Romanian leu opened Wednesday on a strengthening trend against the euro, but traded volumes remained low.
Top Salaries In Romanian Banks
At the end of September, the average net salary in Romanian banks was of 3,300 lei (around EUR750) a month, down 30% on 2008 - the best year for the local banking industry.