Banks-Insurance
Over 700,000 Romanians Have Past Due Debts With Banks Totaling RON7 Bln
Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against Septem...
Leu Ends Flat Vs Euro On Suspected Central Bank Intervention
Romania’s leu moved in closed ranges against the euro Wednesday and ended flat on the day amid rising volumes, with dealers suspecting a covert intervention from the central bank to prop the...
CSA To Cut Staff By Up To 10% Starting December 1
Romania’s insurance regulator CSA will reduce its number of offices from 28 to 12 starting December 1 and will cut staff by up to 10%, the institution said in a press release Wednesday.
Senate Approves Transferring EximBank To Finance Ministry
Romania's Senate on Wednesday approved the transfer of the state's stock in EximBank from under the management of the State Privatization Authority (AVAS) to that of the Ministry of Finance.
Asmita Gardens Dubbed Insolvent At Alpha Bank's Request
The Bucharest court on Monday approved an insolvency claim filed by Alpha Bank against the developer of Asmita Gardens, one of Bucharest’s largest residential compounds.
Isarescu: Romanians Don’t Take Their Debt Seriously
Romanians should be aware that they are responsible for some of the country’s foreign debt of EUR90 billion, central bank governor Mugur Isarescu said Wednesday.
Leu In Ranges Vs Euro, Exchange Rate At 4.3534
Romania’s leu traded in ranges against the euro by midday Wednesday and the central bank’s reference gained slightly to 4.3534 units, from 4.3537 units a day earlier.
SIF Banat-Crisana Signs Deal To Sell BCR Stake To Erste
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Tuesday signed a deal with Erste Group Bank (EBS.RO) to sell the stake it owns in lender BCR, under terms approved in a share...
Erste, BCR Lend EUR50M To Four Mechel Units In Romania
Erste Group Bank (EBS.RO) and its Romanian arm Banca Comerciala Romana, or BCR, are granting a EUR50 million loan to four companies owned by Russian steel giant Mechel in Romania, to refinan...