Banks-Insurance
SIF Moldova Collects RON123.6M For BCR Stake
Regional investment fund SIF Moldova (SIF2.RO) collected 123.6 million lei (EUR28.39 million) from Austrian Erste for the 6% stake it held in lender BCR.
Leu Ends Higher Vs Euro On Low Volumes
Romania’s leu strengthened modestly against the euro amid thin trading Monday, lagging behind its neighbors which won up to 1.5% on the day on increasing optimism regarding new measures to c...
ProCredit Bank Romania Swings To EUR3.5M Net Profit In Jan-Sep
ProCredit Bank Romania Monday reported a net profit of EUR3.5 million in the first nine months, versus a loss of EUR4.1 million in the year-earlier period.
BCR Asigurari’s Gross Profit Up 54% In Jan-Sept To RON11.04M
Romanian insurer BCR Asigurari registered a gross profit of 11.04 million lei (EUR2.53 million) in the first nine months of the year, up 53.8% on the year, and its underwritten premiums clim...
Romania Sells RON1.06B 7-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.065 billion lei (EUR244 million) in seven-month treasury bills, slightly above the planned amount, at an average yield of 6.6% a year.
Leu Steady Vs Euro, Exchange Rate At 4.353
Romania’s leu traded in narrow ranges against the euro by midday Monday and the central bank’s reference gained modestly to 4.353 units, from 4.3535 units in the previous session.
BNR Lends RON2.38B In 7-Day Repo
The Romanian central bank Monday pumped 2.38 billion lei (EUR546 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary...
BNR Sees Year-end Inflation Below Its Latest Forecast
Romania’s annual inflation rate could ease below the central bank’s latest forecast of 3.3% in December, owing to a steady exchange rate of the leu, central bank governor Mugur Isarescu said...
Leu Gains Vs Euro In Early Trade
Romania’s leu opened higher against the euro Monday, mirroring neighboring markets amid yet renewed hope that the European leaders can find common ground in their fight to contain the sovere...