Banks-Insurance
Erste Bank Will Not Sell Eastern European Assets, Treichl Says
Austrian Erste Bank plans to become a major lender in eastern Europe and doesn’t consider selling its assets in the region, Chief Executive Officer Andreas Treichl said.
Treichl: BCR Will Continue To Finance Romanian Economy
Banca Comerciala Romana (BCR) will continue to support the Romanian economy, whose future depends also on the growth of its largest lender, said Adreas Treichl, chief executive of Austrian E...
Many Top Local Insurers Lost Market Share To Second-Ranking Players In First 9 Months
Top insurers in Romania continued to feel the effects of the crisis, and many have lost market share to second-ranking players and companies that have promoted their products more aggressive...
Erste CEO: Basescu’s Reaction To Shrinking Austrian Capital Inflows 'Understandable’
Romanian President had a “very understandable” reaction to Austrian central bank’s recommendation that lenders should limit further financing to their subsidiaries in eastern Europe, said An...
Leu Weakens Vs Euro Amid Low Volumes
Romania’s leu lost early gains versus the euro in late trade Monday and closed slightly weaker on the day, amid low volumes.
Romania Sells RON249M 1-Year T-Bills At 6.65% Average Yield
Romania’s Finance Ministry on Monday sold 249.1 million lei (EUR57.12 million) in one-year treasury bills, lower than the planned amount, at an average yield of 6.65% a year.
SIF Moldova Sells BCR Stake To Erste
Shareholders of regional investment fund SIF Moldova (SIF2.RO) on Monday agreed to sell the fund’s 6% stake in lender BCR to Erste Group Bank (EBS.RO), the fund said in a statement Monday.
Competition Council Clears EFG Eurobank, Alpha Bank Merger
Romanian Competition Council on Monday said it has approved the merger between Alpha Bank and EFG Eurobank, where the former absorbs the latter, concluding that antitrust regulations are not...
National Car Park Is 80% Insured, Below EU Requirements - Study
Around 80% of Romania's car park is insured through a mandatory civil liability policy (RCA), UNIQA Asigurari CEO Florin Golovatic said Monday, citing a study carried out in July by GfK Roma...