Banks-Insurance
BRD Buys Back RON735M Bonds And Prepares EMTN
BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75%...
Leu Slides Vs Euro Amid Low Volumes
Romania’s leu weakened against the euro Wednesday, amid low volumes, and closed 0.3% lower at 4.364/4.366 units, from 4.3515/4.3545 units a day earlier.
Half Of Romanians Misunderstand The Notion Of Loan Annual Percentage Rate - Survey
Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the...
Insurers Need At Least Half A Billion Euros To Take Part In Romania’s Healthcare Reform
Insurers should hike share capital by around EUR500 million, besides other expenses, to take part in Romania’s state healthcare reform, Frans van der Ent, general manager of insurance compan...
Leu Down Vs Euro, Exchange Rate Hits 2-Week Low Of 4.3565
Romania’s leu retreated against the euro by midday Wednesday and the central bank’s reference lost almost 0.2% on the day to 4.3565 units, the lowest rate in two weeks.
Romania’s Ruling Coalition Puts Off Approval Of Draft 2012 State Budget Until Next Week - Sources
Romania’s ruling coalition leaders decided Wednesday that the draft 2012 state budget will be approved by the Government next week, most likely in a special meeting, people close to the talk...
Leu Opens Roughly Flat Vs Euro, On Low Volumes
The Romanian leu opened Wednesday nearly flat on the day, but it soon weakened for a short while before returning to opening levels by the end of the first hour.
Head Of Creditcoop: I Don’t Know Many Bankers Who Can Boast Our Results
Banca Centrala Cooperatista Creditcoop (Central Cooperative Bank Creditcoop), with its 47 subordinated cooperative banks, hopes to end the year with a gross profit of 12 million lei and over...
Leu Edges Higher Vs Euro On Suspected Central Bank Intervention
Romania’s leu traded just above 4.35 per euro in late session Tuesday and closed modestly higher on the day, with dealers suspecting the central bank sold at least EUR100 million to keep the...