Banks-Insurance
UNSAR Members' Underwritten Premiums Down 5% In Jan-Sept To RON4.9B
Premiums underwritten by insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) fell about 5% in the first nine months of 2011 to 4.9 billion lei...
Fondul Proprietatea 3Q Investments Focused On Lenders
Investment fund Fondul Proprietatea (FP.RO) continued to buy stock on the Bucharest bourse in the third quarter, increasing its stakes in Banca Transilvania (TLV.RO), BRD (BRD.RO), Alro (ALR...
BNR: Romania's Current Account Gap Narrows To EUR3.8B End-September
Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit...
SIF Transilvania Signs Deal To Sell BCR Stake
Regional investment fund SIF Transilvania (SIF3.RO) on Monday signed a deal to sell to Austrian Erste Group Bank (EBS.RO) the 6% stake it owns in lender Banca Comerciala Romana, or BCR, unde...
US Insurer Metlife Looks At Aviva’s Romanian Subsidiary
American giant MetLife, which owns Alico (formerly AIG Life) on the Romanian market, wants to buy several companies in Central and Eastern Europe in order to strengthen its regional position...
UniCredit Romania Pretax Profit Down 45% YY In Jan-Sep, To EUR33M
Italian group UniCredit on Monday announced a pretax profit of EUR33 million in Romania for the first nine months, down 45% from EUR59 million in the same interval of 2010.
BCR Shareholders OK RON644M Share Capital Hike
Shareholders of Romanian lender BCR on Monday approved a share capital increase of up to 644 million lei (EUR148.2 million), to RON1.7 billion, and rejected a proposition to float the bank’s...
Romania Could Tap Foreign Markets For EUR2.8B In 2012
The Romanian Finance Ministry plans to borrow EUR1.3 billion from international markets to cover half of next year’s budget deficit, but the total amount attracted from foreign creditors cou...
Leu Ends Slightly Weaker Vs Euro, In Line With Peers
The Romanian leu saw a slight weakening tendency in late trade Monday and by the end of the session it had lost all the ground gained earlier, while other currencies in the region were seein...