Banks-Insurance
Romanian Bankers: New Lending Rules Won’t Affect Mortgage Loans
The Romanian central bank has agreed to leave the conditions on foreign currency-denominated mortgage and housing loans unchanged, the head of Romanian Banking Association said Wednesday.
Leu Gains Vs Euro In Early Trade, In Line With Peers
The Romanian leu opened Wednesday stronger against the euro, following the evolution of other currencies in the region.
BCR Tempts Customers With 14% Interest For Two-Year Deposits
BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and get...
Overdue Loans In Bistrita And Suceava Head Toward 20% Of Total
Almost one fifth of loans taken out by consumers and companies in counties such as Bistrita, Suceava or Galati (northern and eastern Romania) are overdue, double compared to the national ave...
UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year.
Leu Dips Vs Euro On Negative Sentiment
The Romanian leu retreated against the euro in late trade Tuesday, tracking the currencies in the region, and closed almost 0.4% weaker on the day at 4.33/4.3325 units.
Florin Citu: Romania Needs Lower Taxes To Support Growth
Romania must reduce taxation in the capital and workforce sectors to support the economic growth, because monetary policy measures alone are insufficient to sustain the development in the me...
ATEbank To Hire Advisors To Sell Romanian Unit
Greek ATEbank on Tuesday said it will hire financial advisors to sell the majority stake in ATEbank Romania, under a restructuring plan set up in May this year.
American Investors Eager To Buy Romanian Bonds - Treasury Head
American investors are eager to buy Romanian treasuries once the Finance Ministry upgrades its medium term notes (MTN) program to include US dollar-denominated bonds, Tuesday said Bogdan Dra...