Banks-Insurance
Leu Opens Flat Vs Euro, On Corporate Trading
The Romanian leu opened Wednesday with an insignificant increase against the euro, in a quiet market where activity came mainly from banks trading for corporate clients.
Life Insurance Policies Worth A Record RON233M Canceled In 1H
Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (E...
Central Bank Does Not See Net Capital Outflows, But Considers Risk Of Lending Decline
The National Bank monitors banks’ liquidity and solvency and has so far noticed no net capital outflows, but does not rule out such moves occurring in the future.
Intesa Sanpaolo Romania 9-Mo Loss Widens To EUR17M
Lender Intesa Sanpaolo Romania posted a loss of EUR17 million in the first nine months of the year, compared to EUR4 million in the same interval of 2010, according to a financial report pub...
Romania To Raise Contribution To IMF By Almost EUR900M
Romania will raise its contribution to the International Monetary Fund by SDR 781.2 million (about EUR900 million), from SDR 1.03 billion to SDR 1.81 billion, with three quarters of the rais...
Several Local Banks May Soon Be Targeted For Takeover - Raiffeisen
Lenders Banca Transilvania (TLV.RO), CEC Bank and Volksbank Romania may soon become candidates for takeover or state-led privatization, according to a banking sector report published Tuesday...
Romania Is Unlikely To Introduce A Special Bank Levy – Raiffeisen
The introduction of a special bank levy in Romania is unlikely, since the “influential” central bank opposes such a measure, according to a Raiffeisen report on Central and Eastern European...
Leu Closes Flat Vs Euro, Amid Market Apathy
The Romanian leu registered some unnoticeable oscillation in late trade Tuesday and it closed roughly flat against the euro, on low traded volumes.
Franks, IMF: Would Have Waited A Few Months Before Slashing Rates
Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bu...