Banks-Insurance
BNR Bought Foreign Debt Of EUR28B In January-August
Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves.
Debt Crisis Wiped Half A Billion Euros Of Romanian Banks’ Capitalization
The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the...
Romania Attracted Record Low FDI In August, Just EUR20M
Investors no longer have faith in the Romanian government policies since foreign direct investment amounted to merely EUR21 million in August, down 82.5% compared to the same period of last...
UniCredit Says Ready To Boost Capital Of Romania Unit
Italy’s UniCredit is ready to boost the capital of its Romanian subsidiary UniCredit Tiriac Bank to meet potential lending growth, but a final decision will be made together with its local a...
SIF Muntenia Sells 6% Stake In BCR To Erste Bank - Sources
Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday sold its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), under terms similar to the...
Raiffeisen Keeps ‘Buy’ Recommendation On SIFs, Cuts Target Prices
Raiffeisen Capital & Investment Thursday left its recommendation on Romania’s five regional investment funds SIFs unchanged at “buy”, but lowered the 12-month target prices for the funds’ sh...
CEC Bank: A Quarter Of Restructured Loans Gone Bad Again
Romanian state-run lender CEC Bank Thursday said 25% of the distressed loans modified to give the companies more time to recover have gone bad again after three months.
Procurement Regulator Admits Only 49 Of 1,552 Checked Auction Files
Checkups started recently by the Romanian Authority for Public Procurement Regulation and Monitoring (ANRMAP) show that only 49 of the 1,552 auction files which have been submitted over the...
Leu Dips Vs Euro On Negative Sentiment
Romania’s leu weakened slightly against the euro Thursday, amid a negative sentiment in the region, and closed 0.15% lower on the day at 4.3195/4.321 units.