Banks-Insurance
BNR's Largest Cash Boost In Almost 2 Years: RON7.63B In 7-Day Repo
Romanian central bank Monday injected 7.63 billion lei (EUR1.7 billion) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary p...
Former Insurance Watchdog Chief To Run Guarantee Fund
Nicolae Crisan, former president of insurance watchdog CSA, was appointed general manager of the Guarantee Fund, a CSA department that protects insurance beneficiaries in case of insurer ban...
ATE Bank Romania Hikes Capital To RON221M
ATE Bank Romania Monday said it has increased its share capital by 84.47 million lei (around EUR20 million) to RON220.94 milion, via cash contribution from its majority holder, Greece’s ATE...
Leu Up Vs Euro In Early Trade
Romania’s leu edged higher against the euro Monday morning and traded below 4.34 units amid low volumes.
SocGen Wants To Implement BRD’s Strategy In Other Countries Too
French financial group Societe Generale will seek to implement BRD’s commercial and retail strategy on other markets as well, a strategy that brought it major earnings and helped it during t...
Tanasescu, IMF: I Don’t See Any Risks Of Romania Having To Draw Money From Precautionary Arrangement
Securing additional budget revenues through a chain of swaps with state-run companies that are indebted both to one another and to the state budget will be one of the three major sources of...
Banking System Restructuring Not As Thorough As BNR Expected
The head of the National Bank of Romania’s supervisory department, Nicolae Cinteza, made his harshest statements about banks since the onset of the crisis three years ago, saying that with t...
Basescu: Romania Must Borrow EUR16B In 2012
Romania will have to borrow EUR16 billion in 2012 to cover overdue debts and finance the budget deficit, President Traian Basescu told a news conference Sunday.
President Basescu Informed EC That Romania Will Join Fiscal Union Pact
Romanian President Traian Basescu said Sunday he informed the European Commission that Romania will join the fiscal union pact recently agreed on by European Union leaders.