Banks-Insurance
Romania Sells RON116.8M 1-Year T-Bills At 6.8% Average Yield
Romania’s Finance Ministry on Monday sold 116.8 million lei (EUR27.1 million) in one-year treasury bills, significantly lower than the plan, at an average yield of 6.83% a year, higher than...
Romanian Online Card Payments Up 11% In Jan-Sep, To EUR121.4M
Online card payments in Romania in the first nine months grew 11% on the year, to EUR121.4 million, according to data of Romcard, cited by e-commerce solutions provider ePayment in a press r...
Erste CEO: Buying BCR Was Not A Mistake, Despite The High Price
Erste Group Bank (EBS.RO) chief executive officer Andreas Treichl on Monday said the Austrian group paid a high price for Romanian BCR in 2006, from today’s perspective, but the acquisition...
Leu Edges Up Vs Euro, Exchange Rate At 4.3053
The Romanian leu rose against the euro in mid-trade Monday, and the official exchange rate strengthened 0.2% to 4.3053 units, from 4.3146 units Friday.
A 7-Magnitude Quake In Romania Would Cause Property Damages Of EUR4.8B - Survey
An earthquake similar in intensity to that which shook Romania back in March 1977 might cause real estate damages of EUR4.8 billion, considering that the total value of homes in Romania is e...
Erste Plans EUR700M Write-down Of Romania Goodwill
Austria’s Erste Group Bank AG (EBS.RO) Monday said it will partially write down its Romania-related goodwill by EUR700 million pre-tax, reflecting a slower-than-expected economic recovery.
Leu Flat Vs Euro In Early Trade
Romania’s leu traded in narrow ranges against the euro Monday morning, amid low volumes, whereas its peers in the region were moving higher after French-Belgian bank Dexia agreed to a rescue...
International Turmoil Drives Forex Transactions To Over EUR38B In September
The volumes traded on the Bucharest forex market exceeded EUR38 billion in September, the highest level since January 2009, because of the high volatility of the leu caused by the turmoil on...
Debt Collector Kruk: Smaller Banks Sell Troubled Loans To Focus On New Loan Sales
Second tier banks, which used to deal with non-performing loans on their own, are now selling their receivables to specialized debt collectors so as to be able to move employees handling col...