Banks-Insurance
Romanian Banks Switch To RON860M Combined Loss In Q3 As Provisions Rise
Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Frida...
Leu Exchange Rate Falls To 17-Month Low Of 4.3598 Vs Euro
Romania’s leu gained modestly versus the euro in mid-trade Friday, but the central bank’s reference weakened to 4.3598 units, the lowest rate in 17 months.
OTP Bank Romania Swings To EUR5.4M Net Profit In Jan-Sep
OTP Bank Romania, the local unit of Hungary’s financial group OTP, swung to a net profit of 1.5 billion Hungarian forints (EUR5.4 million) in the first nine months, from losses a year earlie...
BCR Asigurari De Viata’s Underwritten Premiums Up 13.7% In Jan-Sept To RON261.2M
Romanian insurer BCR Asigurari de Viata, part of Austria's Vienna Insurance Group (VIG), underwrote premiums of 261.2 million lei (EUR60 million) in the first nine months of 2011, up 13.7% o...
ING: No Chance For Cheaper Retail Loans
A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market...
Insurer Carpatica Asig’s Underwritten Premiums Fell 40% In Jan-Sept To RON147.4M
Romanian insurer Carpatica Asig underwrote premiums of 147.39 million lei (EUR33.9 million) in the first nine months of the year, down 40% compared with the same interval a year ago, as reve...
Insurance Market Fell 3.7% In Jan-Sept To RON6.1B
Romania’s general and life insurance market fell 3.71% in the first nine months of the year to 6.08 billion lei (about EUR1.39 billion), due to a 5.89% drop in general insurance underwritten...
Romania Sells RON297M 3-Year Bonds At 7.48% Average Yield
Romania’s Finance Ministry on Thursday sold 296.5 million lei (EUR68 million) in three-year bonds, slightly below the planned amount, at an average yield of 7.48% a year.
Leu Recoups Vs Euro, Exchange Rate Flat At 4.3564
Romania’s leu recovered early losses versus the euro by midday Thursday, while the national currency’s reference hardly moved on the day at 4.3564 units, after a suspected intervention from...