Banks-Insurance
Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months
Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator C...
Top Paying Banks In Romania. Find How Much Lenders Paid Their Staff In September
Banking employees continue to be the best-paid workers in Romania, earning twice as much as the average salary. According to end-of-September data, the average monthly net salary in the 40 b...
Twenty Companies Got EUR2.5B Worth Of Loans This Year
The cumulated value of the 20 largest banking loans accessed by local companies this year exceeds EUR2.5 billion after banks were much more cautious with lending in 2010, reveals an analysis...
Cora Gets Largest Loan Granted By EBRD To A Romanian Retailer
French-Belgian retailer Louis Delhaize, which owns the most profitable stores on the Romanian market, says the European Bank for Reconstruction and Development approved a EUR210 million loan...
Foreign Direct Investments In Freefall
Romanian foreign direct investments, or FDI, amounted to just EUR133 million in October, while the EUR1.3 billion recorded in the first ten months covered only 32% of the current account def...
Chimcomplex To Build EUR22M Power Unit
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) will invest up to EUR22 million in a new thermal power unit, the company said in a statement Tuesday.
Leu Weakens Vs Euro, Unlike Neighbors
Romania’s leu edged lower against the euro Tuesday, contrary to the movement in the region, and closed at 4.35/4.352 to the euro amid a quiet market and on slightly raised volumes.
KRUK International Managed Receivables Worth RON6.3B In Jan-Sep
KRUK International, the Romanian branch of Polish group KRUK, took over in the first nine months of this year receivables with a total book value of 6.3 billion lei (EUR1.45 billion), up 54%...
SME Loan Guarantee Fund To Pay Banks EUR31.8M This Year
Romania's SME loan guarantee fund estimates it will pay a total EUR31.8 million this year for loans issued by banks and not repaid, up 9% on the year, according to data presented Tuesday by...