Banks-Insurance
BNR: Romania October Overdue Loans Up 3.13% To RON21.3B
Romanian overdue private loans rose 3.13% on the month to 21.3 billion lei (EUR4.88 billion) in October, equal to 9.58% of the total lending, central bank data showed Friday.
Former Labor Minister Seitan To Head Romania's Private Pension Guarantee Fund
Romania’s private pension system regulator CSSPP has appointed former labor minister Mihai Seitan to head the private pension guarantee fund for the next four years.
Leu Weakens Vs Euro, Following Region
The Romanian leu opened Friday nearly flat on the day, but it soon entered a downward trend, following the other currencies in the region, on fears of the sovereign debt crisis and the outlo...
Mark Mobius: Printing Money Only Puts Off Worldwide Crash, Doesn’t Prevent It
Capitalism isn’t working because governments are saving greedy banks at the expense of taxpayers, says Mark Mobius, executive chairman of Templeton Asset Management.
EBRD Accuses Austrian Central Bank Of Scaring Investors
The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstr...
Romanian Banking Institute Launches Chartered Banker And Compliance Officer Courses
The Romanian Banking Institute (IBR) marked its twelfth anniversary by launching two courses for bankers on the Romanian market – Chartered Banker and compliance analysts or officers, offere...
Leu Dips Vs Euro In Thin Trade
Romania’s leu weakened slightly against the euro Thursday and closed at 4.356/4.357 units, amid a quiet market and low volumes.
Parent Banks Unlikely To Lower Exposure To Romania, Says Central Banker
Foreign banks are not likely to lower their exposure to Romania, as large part of the existing financing is included in the share capital of their local subsidiaries and cannot be withdrawn,...
UNIQA Asigurari's Underwritten Premiums Down 5.7% To RON293M In First 9 Months
Romanian insurer UNIQA Asigurari underwrote premiums worth 293.47 million lei (EUR67.42 million) in the first nine months of 2011, down 5.7% on the year, and it paid damages worth a total RO...