Banks-Insurance
Romania Extends List Of Companies That May Alter Deficit
Romania and the International Monetary Fund have agreed to raise to 27 from 10 previously the number of public companies whose financial results must be included next year in budget deficit...
Raiffeisen Bank Official: Foreign Banks Won’t Leave Romania Despite Crisis
Foreign banks will not exit the Romanian market no matter how big problems in the euro zone are, Raiffeisen Bank president Steven van Groeningen said in an interview broadcast Sunday on priv...
Voluntary Home Insurance Market Surged In 3Q, Mandatory Segment Lags Behind
Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past mont...
BNR Official: Romanian Banking System Stable, No Need For Bridge Bank In 2012
The Romanian banking system is stable and there will be no need to set up a bridge bank next year, Saturday said Nicolae Cinteza, head of the Supervisory Department of the central bank.
Romanian Central Bank To Advise Lenders To Ease Loan Restructuring
The Romanian central bank (BNR) will recommend lenders to relax loan restructuring conditions for clients that face problems but pay their installments at least partially, said Saturday Nico...
Cinteza, BNR: Romanian Banks To Post Loss In 2011
Romanian banks will register loss this year due to higher non-performing loans, which will trigger negative results in the last quarter, said Saturday Nicolae Cinteza, head of the central ba...
EBRD Could Lend Up To EUR30M To BRD
The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects.
Basescu: Romania Doesn’t Have To Pitch In To Raise IMF Resources, But It Sure Could Have
Romania doesn’t need to join the other EU states in a common effort to increase the financial resources of the International Monetary Fund, but it would have been “more than able” to do so i...
Leu Dips Vs Euro On Low Volumes
Romania’s leu edged lower against the euro in late trade Friday and closed slightly weaker on the day, amid low volumes.