Banks-Insurance
GTC Secures EUR100M Loan From Erste To Refinance City Gate Project In Bucharest
Property developer Globe Trade Center, or GTC, has obtained a EUR100 million loan from Erste Group Bank (EBS.RO), to refinance the investment in Bucharest office complex City Gate, company o...
Volksbank Romania Eyes Capital Increase Of Up To EUR200M
Volksbank Romania wants to increase its share capital by a EUR100 million to EUR200 million, in a bid to counter the effects of the economic crisis, the lender's chief executive Johann Lurf...
Leu Loses 0.6% Vs Euro, Exchange Rate At 4.3312
The Romanian leu extended early losses against the euro in mid-trade Tuesday, and the central bank computed a reference rate of 4.3312 units, 0.6% weaker on the day.
Leu Opens Down Vs Euro, In Line With Region
The Romanian leu opened down against the euro Tuesday, and extended its loss in the first hour of trading, as the currencies in the region depreciated following a weak start of the European...
Introduction Of Mandatory Home Policies Causes Surge Of Voluntary Insurance
Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies...
10,000 Romanians Skipped Loan Payments In August To Go On Vacation
Over 10,000 Romanians joined the ranks of those with overdue bank loans in August, after the number of people falling behind with their payments had gradually gone down over three months.
Erste Group Bank To Add EUR100M To BCR Share Capital
Erste Group Bank (EBS.RO) will increase the share capital of Romanian BCR by EUR100 million by the end of the year, through cash contribution, Monday said group representatives.
Raiffeisen: No Goodwill Booked For Romania
Raiffeisen Bank International on Monday said it acquired at a "very low cost" its Romanian subsidiary and since there is no goodwill booked, there is no need for write-downs.
Leu Ends Slightly Down Vs Euro, On Low Volumes
The Romanian leu traded in a narrow range throughout the Monday session and it closed slightly down versus the euro, on low traded volumes.