Banks-Insurance
Banks Raise Lending Prices To Keep Profit Margin
Loans have become more expensive in the last few months after Romanian banks had steadily cut interest rates in the first half of the year, both for loans and for deposits.
Bridge Bank To Get Money From Guarantee Fund's Private Resources
The private resources of the FGDB, a fund guaranteeing bank deposits, will be used to finance the bridge-bank, while public funds will only be used in the form of a loan granted by the Finan...
Fitch Assigns 'BB+' Rating To Garanti Bank; Outlook Stable
Fitch Ratings Friday assigned Romania-based Garanti Bank SA a long-term issuer default rating of 'BB+', with stable outlook, and a viability rating of 'b'.
BNR: Romania Forex Reserves Fall To EUR31.7B In November
Romanian foreign exchange reserves fell to EUR31.74 billion in November from EUR32.2 billion a month earlier, central bank data showed Friday.
Leu Steady Vs Euro, Exchange Rate At 4.3535
Romania’s leu traded near 4.35 per euro by midday Friday, amid a quiet market, and the central bank’s reference gained modestly to 4.3535 units, from 4.3539 units in the previous session.
Monetary System Independence, Major Advantage For Romania
In Romania for one day at Ziarul Financiar’s invitation, Financial Times columnist Wolfgang Munchau, said that it was important for Romania to keep its goal to join the euro zone but only wh...
Greek Banks Lost EUR300M From Deposits In Third Quarter
The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on th...
Romania Ranks 75Th In Transparency International Corruption Perception Index
Romania is ranked 75th in the 2011 Transparency International corruption perception index, with 3.6 points, on a par with China, and down six positions compared to last year.
12 Asset Managers Handle EUR7.8B In Romania
Who are the 12 people who handle EUR7.78 billion worth of assets?