Banks-Insurance
Credit Suisse: Over 16,500 Millionaires In Romania
The average wealth of a Romanian rose by around 12% on the year to $13,987 in 2011, ranking the country 59th in a global chart by investment bank Credit Suisse AG.
Banca Transilvania: IT Investments Should Leave Room To Meet The People
Romanian lender Banca Transilvania (TLV.RO) has earmarked large amounts for investment in IT&C, but it has not managed to achieve its goal of replacing paper, Tiberiu Moisa, the bank's execu...
EBRD Buys Minority Stake In CallPoint New Europe For EUR3M
The European Bank for Reconstruction and Development recently bought a minority stake, for EUR3 million, in Bulgarian firm CallPoint New Europe, which has call center operations in Romania a...
Leu Up Vs Euro, Exchange Rate At 4.3346
Romania’s leu widened early gains versus the euro by midday Wednesday and the central bank’s reference won 0.4% to 4.3346 units, from 4.3529 units a day earlier.
Prefab Seeks Loans Worth EUR20M
Romanian construction materials maker Prefab Bucuresti (PREH.RO) plans to contract bank loans worth up to a total EUR20 million, to support production this year and the investments planned f...
Leu Opens Stronger Vs Euro, Regains Ground Lost Yesterday
The Romanian leu opened Wednesday stronger against the euro, recouping part of the ground lost in the day before, when it closed above 4.36 units.
In The Rush For Cash Banks Would Pay Just Anything To Get It
Inflation continued to decline fast in the last few months, going below 4%, yet many banks continue to pay over 7% yearly interests to keep their clients and compensate for the lesser suppor...
Broadhurst Plans To Raise Its Stake In Libra Bank To 40%
US investment fund Broadhurst Investments Limited plans to purchase 6.99% in Romanian Libra Internet Bank from car parts producer Electroaparataj Bucharest (ELJ.RO), in a bid to increase its...
Leu Slides Vs Euro, Attuned To Region
Romania’s leu weakened against the euro Tuesday, tracking the currencies in the region, and closed down 0.7% at 4.3605/4.3635 units, from 4.3305/4.3325 units a day earlier.