Banks-Insurance
Leu Stable Vs Euro, Exchange Rate At 4.3537
Romania’s leu moved in tight ranges against the euro by midday Tuesday and the central bank’s reference nudged higher to 4.3537 units, from 4.354 units a day earlier.
Leu Edges Higher Vs Euro In Early Trade
Romania’s leu gained meagerly against the euro in early trade Tuesday and traded near 4.35 per euro in the first part of the session, amid low volumes.
Banks’ Return To Losses Brings Solvency Down To 13.4%
The fact that the banking sector reported losses again in the third quarter, added with the record-high 23% ratio of non-performing loans recorded in September, puts pressure on bank capital...
Banks Tighten Fight Over Clients’ Euro Savings
Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are for...
Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, a...
Romanian Leu Ends Stronger Vs Euro, After Stable Trade
The Romanian leu remained stable against the euro in late trade Monday and maintained the ground gained earlier in the session, amid moderate traded values.
Romania Overdue Loan Payments Up 31% On Year To RON19.2B In September
Romanian overdue payments on loans worth at least 20,000 lei (around EUR4,600) rose to RON19.23 billion in September, 31% higher on the year, central bank data showed Monday.
Bancpost To Hike Share Capital By RON92.6M, to RON1.18B
Shareholders of Romanian lender Bancpost on Monday decided to increase the share capital by 92.6 million lei (EUR21.4 million) to RON1.185 billion, the bank said in a news release.
IMF: Romania Needs Privatization, Private Management To Foil “Wise Guys”
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profi...