Banks-Insurance
Bank-Owned Firms Dominate Leasing Market
The ranking of the largest financial leasing companies did not radically change in the first half of this year, as the same companies dominated a market that is only now showing the first si...
Insurer ING Asigurari De Viata 9-Mo Underwritten Premiums Up 0.8% To RON407.5M
Romanian insurer ING Asigurari de Viata underwrote premiums of 407.5 million lei (about EUR93.5 million) in the first nine months of the year, up 0.8% compared with September 2010, while its...
Romania Sells RON500M 2-Year Bonds At 7.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 500 million lei (EUR114.7 million) in two-year bonds, at an average yield of 7.23% a year, slightly lower than at the previous auction.
BCR Sees Provisions Flat In Fourth Quarter
Romanian leading bank Banca Comerciala Romana (BCR) estimates loan provisioning will remain unchanged in the fourth quarter from the three months ended September 30, chief executive Dominic...
Bruynseels: BCR Won’t Slash Interest Rates Following Central Bank’s Rate Cut
Romania’s largest bank Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, doesn’t plan to lower its interest rates on loans following the central bank’s decision to cut t...
Millennium Bank Romania 9-Month Loss Narrows To EUR13.5M
Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, Thursday reported a loss of EUR13.5 million in the first nine months, 25.8% narrower from EUR18.2 million in...
Bankers Cut Price Of Euro Loans Ahead Of BNR Restrictions
September came with cheaper retail loans in euro, that is exactly those loans targeted by the central bank (BNR) restrictions, while loans in lei became 0.5% more expensive.
BNR Expects Rate Cut To Show In Loan Interests
The persistence of low demand in the economy and the weak lending have persuaded the central bank (BNR) to finally relax the monetary policy after an eighteen-month hiatus.
UK To Decide On Lifting Work Restrictions For Romanians By Yearend - Ambassador
The British Government will take a decision on lifting labor market restrictions for Romanians by the end of the year, based on analysis by independent experts, which will be published in No...