Banks-Insurance
CEC Bank Blasts Government Decision Blocking Share Capital Hike
The fact that state-owned Romanian lender CEC Bank is no longer allowed to increase its share capital from the profits of previous years is an error, Monday said the bank's president Radu Gh...
Leu Weakens Vs Euro In Thin Trading
Romania’s leu retreated against the euro in late trade Monday, in line with the currencies in the region, and closed weaker on the day, amid scarce volumes.
Bruynseels: BCR Could Distance Itself Further From Rivals
Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural...
Treichl, Erste: We Got Punished By Reality For Buying BCR
Buying Romania’s bank Banca Comerciala Romana (BCR) has proved to be a very “expensive venture” for Erste Bank, as the global financial and economic crisis severely impacted the region, said...
BCR Risk Officer: Up To 15% Of Bad Loans Due To Fraud
Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Micha...
Romania Sells RON1.42B 11-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year.
Romania Central Bank Says Lenders Overcharge, Calls For Increased Competitiveness
The weak level of competitiveness in the Romanian banking system is allowing banks to dump some of their costs on to their customers, central bank governor Mugur Isarescu said Monday.
Leu Loses Edge Vs Euro, Exchange Rate At 4.3409
Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3409 units, from 4.3397 units in the previous session.
Moody’s: Romanian Banks Under Increasing Outside Pressure
Moody’s Investors Service Monday warned Romanian banking system could come under increasing pressure due to the escalation of the European banking and sovereign debt crisis.