Banks-Insurance
BNR Sees 2012 Economic Growth Above 2%
Romanian central bank’s inflation projections for 2012 are based on an economic growth slightly higher than 2%, governor Mugur Isarescu said Monday.
Isarescu: Romanian Leu Exchange Rate Has Reached Equilibrium
Romanian leu’s exchange rate has reached a state of equilibrium against the euro, which should be sheltered from any rash measures, central bank’s governor Mugur Isarescu said Monday.
BNR Cuts 2011 Inflation Forecast To 3.3%
Romania's central bank revised down its forecast on the year-end inflation to 3.3% in 2011, from 4.6% previously, governor Mugur Isarescu said Monday.
Romania Unable To Use IMF Money To Fix Decline In Number Of Jobs
Romania has been unable to “fix” the effects of the crisis with the International Monetary Fund money in four years as its economy lost 630,000 jobs.
BRD Cannot Restart Lending Because Of Low Demand And Still Ailing Economy
BRD-Societe Generale, the second-largest bank on the Romanian market, has not found enough clients to match the value of repaid amounts, so the volume of loans fell 3% in September against t...
Romania Will Have Restructuring Fund To Stabilize Ailing Banks
Romania’s central bank has prepared the legislation enabling Romania to have a bank restructuring fund, whose resources will be possible to use to finance the measures taken to stabilize a t...
SIF Banat-Crisana Sells BCR Stock To Erste Bank
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Friday approved selling its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), people fami...
BRD Romania 9-Month Net Profit Falls 19% To RON382M
Romania's second-largest lender BRD Societe-Generale (BRD.RO) on Friday said its net profit fell 19% to 382 million lei (EUR90 million) in the first nine months, hit by weak demand and diffi...
BCR: Loans Restructured Three Or Four Times Triggered 3Q Loss
BCR, the largest bank on the Romanian market by assets, wrote off as losses several big-value loans granted to companies with financial problems, which were restructured several times during...