Banks-Insurance
Gainers And Losers Of The Romanian Banking System
The ranking of Romanian banks at the end of September indicates a few changes in the top 10 by assets, but the banks’ balance sheets, the quality of loans and of clients, and the daily activ...
Alpha And Bancpost Prepare For Merger
Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu strengthened modestly against the euro Thursday, tracking the currencies in the region, as investors are cautiously optimistic after the European Central Bank announced new mea...
Romania Sells RON743M 2-Year Bonds At 7.15% Average Yield
Romania’s Finance Ministry on Thursday sold 743.4 million lei (EUR171.1 million) in two-year bonds, slightly above the planned amount, at an average yield of 7.15% a year, lower than at the...
Romania Finance Ministry’s Liquidity Buffer Tops EUR3B - Sources
Romanian Finance Ministry has a liquidity buffer of over EUR3 billion which can be accessed if the country’s borrowing costs climb too much, people familiar with the matter said Thursday.
Leu Exchange Rate Hits 5-Week High Of 4.3429 Vs Euro
Romania’s leu traded near 4.34 per euro by midday Thursday and the central bank’s reference strengthened 0.17% to 4.3429 units, the highest rate in five weeks.
BRD To Replace CEO - Sources
The chief executive officer of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Guy Poupet, will be replaced with Alexandre Maymat, regional director of the Cameroon branch of Societe G...
Leu Strengthens Vs Euro In Early Trade
The Romanian leu opened slightly weaker against the euro on Thursday, but it soon recovered and started gaining ground against the European coin as a hedge fund started buying lei, dealers s...
Banca Carpatica Needs A Foreign Investor - Analysts
The progress of Banca Comerciala Carpatica (BCC.RO), controlled by Sibiu-based businessman Ilie Carabulea, will depend over the next year on how much the lender will consolidate by attractin...