Banks-Insurance
Romania To Raise Pvt Pension Contribution To 3.5% In 2012
Contributions to mandatory private pensions (Pillar II) will increase to 3.5% of the gross wage in 2012, from 3%, according to the draft state budget, said Tuesday Andreea Paul Vass, adviser...
Private Lending +2.7% On Month To RON221.4B In September
Private lending rose 2.7% in real terms to 221.4 billion lei (EUR51.21 billion) in September compared to August, central bank data showed Tuesday.
Banks Caught Off-Guard By International Turmoil As Loans Exceed Deposits
Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted a...
About 40,000 Debtors Refinanced Loans With A Different Bank In January-May
Almost 40,000 debtors refinanced their loans with a different bank than the one that sold them the loan in the first five months of 2011, triple compared with the similar interval a year ago...
Piraeus Complains About Placing Excess Liquidity Last Year
Piraeus Bank, the local subsidiary of the Greek bank by the same name, managed a higher volume of liquidity last year thanks to the monetary policy relaxation measures adopted by the Nationa...
Romania Needs New Vienna Agreement To Prevent Banks From Taking Money Out
Threatened by a new wave of recession, Romania is faced with the real danger of foreign banks halting financing; the leaders of the euro zone should find a solution resembling the former Vie...
Leu Strengthens Vs Euro, In Line With Neighbors
Romania’s leu gained modestly against the euro Monday, tracking the currencies in the region, and closed 0.17% stronger at 4.32/4.323 units, from 4.3275/4.33 units in the previous session.
Romania Sells RON735.6M 1-Year T-Bills At 6.8% Average Yield
Romania’s Finance Ministry on Monday sold 735.6 million lei (EUR170.1 million) in one-year treasury bills, below the planned amount, at an average yield of 6.82% a year, barely changed from...
BNR Lends RON225M To Local Bank
The Romanian central bank Monday lent 225 million lei (EUR52 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary...