Banks-Insurance
Leader On Mandatory Car Insurance Misses First Five Spots On CASCO Segment
Insurer Astra, controlled by businessman Dan Adamescu, is Romanian market's leader on revenue from underwritten premiums on the home insurance and mandatory car insurance RCA segments, but i...
Alpha, Bancpost Merger Creates One Big Bank With EUR7B Loans And Just EUR3.1B Deposits
Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extra...
Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast
The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit...
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu moved in tight ranges against the euro Friday and closed flat on the day at 4.3275/4.33 units, amid low volumes.
Enel Green Power Gets EUR112M Loan For Romanian Wind Projects
Enel Green Power, the renewable energy division of Italian utility Enel, obtained financing of EUR112 million from the Danish government's Export Credit Agency (EKF) to invest in wind farm p...
Eurostat Withdraws Reservation On Romania Deficit Data
Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern...
ZEW: Romania 6-Month Economic Outlook Worsens In October
Romanian economic outlook for the next six months declined for the fifth consecutive time in October, stripping the country of its top business destination title in the Central and Eastern E...
Leu In Ranges Vs Euro, Exchange Rate At 4.3295
Romania’s leu traded near 4.33 per euro by midday Friday and the central bank’s reference strengthened modestly to 4.3295 units, from 4.3308 units a day earlier.
Banks Have To Be Consultants, Not Just Sales Channel For Insurance
Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clie...