Banks-Insurance
Alpha Bank Requests Asmita Gardens’ Insolvency
The Asmita Gardens project in Bucharest, the most expensive residential complex built by a private investor on the local market, might go insolvent as requested by Greek lender Alpha Bank, w...
Cinteza, BNR: New Lending Rules, A Tool To Educate Bankers
Nicolae Cinteza, head of the supervisory department of the Romanian central bank (BNR), says the new lending regulations, which introduce tighter terms especially for consumer loans, are a t...
Stewart, Raiffeisen: Greek Default Not As Shocking As A Year Ago
A potential default of Greece would clearly be bad, but this risk has been talked about so much that if it were to happen, it would not shock the world, as it would have a year ago, says Jam...
BCR Minority Holders Agree In Principle To Capital Boost
Romanian regional investment funds SIFs, minority holders in Banca Comerciala Romana (BCR) agree in principle with a capital increase at the bank, as the move would strengthen BCR’s position...
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu widened earlier gains versus the euro in late trade Wednesday and closed almost 0.4% stronger on the day, amid low volumes and a positive sentiment in the region after EU offic...
Erste Proposes RON644M Capital Increase At BCR
Austria’s Erste Group Bank AG (EBS.RO) Wednesday recommended increasing the share capital of its Romanian unit Banca Comerciala Romana (BCR) by 644 million lei (about EUR150 million) to RON1...
Leu Up Vs Euro, Exchange Rate At 4.3217
Romania’s leu edged higher against the euro by midday Wednesday and the central bank’s reference strengthened 0.2% to 4.3217 units, from 4.3312 units a day earlier.
BNR Advises Greek Banks To Build Up Cash Reserves Just In Case
Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency.
Leu Ends Down Vs Euro, Following Region
The Romanian leu closed down almost 0.5% against the euro Tuesday, following the regional trend on increased risk aversion on financial markets.