Banks-Insurance
Bankers Scramble For Company Savings: Euro Deposit Rates Near 4%
In a bid to compensate for the loss of support from parent banks, local bankers try to attract as many resources as possible from companies, paying interest of up to 4% on euro deposits.
Lending Demand Triples In October
Loan demand rebounded spectacularly in October, with the number of credit reports issued by the Central Credit Register (CRB) of the BNR almost tripling against preceding months, to 305,000...
BNR Calls Austrians To Check Their Lending Plans In The Region
The Austrian authorities have to clarify the lending terms they will introduce for the large Austrian-held banks in Romania.
Leu Closes Flat Vs Euro On Low Volumes
Romania’s leu traded in tight ranges against the euro in an uneventful session Tuesday and closed flat on the day at 4.3505/4.3535 units, amid very low volumes.
Banca Carpatica Appoints New Board Member
The shareholders of Romanian lender Banca Carpatica (BCC.RO) on Tuesday appointed Silviu Popa as member of the Supervisory Board, replacing Emilia-Elena Uca, who resigned in May.
Leu In Ranges Vs Euro, Exchange Rate At 4.3534
Romania’s leu traded in ranges against the euro by midday Tuesday and the central bank’s reference weakened modestly to 4.3534 units, from 4.353 units a day earlier.
Raiffeisen CEO: It’s Natural To Continue Our Business In Romania
Romania is a key market for Raiffeisen and the Austrian group has no intention of abandoning its local businesses, since this is a strategic, long-term investment, which remains profitable d...
Isarescu Hopes Banks Will Cut Loan Interest Rates
Mugur Isarescu, governor of the Romanian central bank BNR, hopes banks will reduce interests on loans, at least on leu-denominated ones, in line with the inflation decline, although the mark...
SIF Muntenia Transfers Minor BCR Stake To Erste, Collects RON70.1M
Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the...