Banks-Insurance
Bankers Keep Pressure On Old Clients With 6% Interest Margins
Bankers are keeping up pressure on clients holding loans as these are the main income source given the low sales of new loans.
Leu Gains 1% Vs Euro On Suspected Central Bank Intervention
Romania’s leu firmed against the euro Monday and closed almost 1% stronger on the day, with dealers suspecting the central bank might have stepped in to prop the national currency.
Minimum Annual Premium For RCA Policies Should Reach EUR180 - Brokers
The minimum premium for mandatory car insurance policies (RCA) should stand at about EUR160 or EUR180 per year to cover claim frequency, the average claim and insurers’ expenses, national as...
Romania Sells RON298M 6-Month Bills At 6.7% Average Yield
Romania’s Finance Ministry on Monday sold six-month treasury bills worth 297.5 million lei (EUR68.8 million), at an average yield of 6.69% a year.
Bucharest Radisson Blu's Owner Borrows EUR71.5M To Refinance Debts
Romanian hotel operator Bucuresti Turism (BUTU.RO) has accessed a EUR71.5 million loan from Raiffeisen Bank International to refinance outstanding debts and repay a loan granted by its major...
Eversheds Opens Romanian Practice In Association With Lina & Guia
International law firm Eversheds, with revenue of GBP355 million in fiscal year 2010-2011, has entered Romania through a partnership with local firm Lina & Guia, which will function under th...
Leu Up Vs Euro, Exchange Rate At 4.3222
Romania’s leu extended early gains versus the euro by midday Monday and the central bank’s reference strengthened 0.7% to 4.3222 units, from a 15-month low of 4.3533 units in the previous se...
Euro-Denominated Bonds Accepted By BNR In Repo Operations
Lenders can now get cash from the Romanian central bank (BNR) in exchange for their portfolios of euro-denominated bonds, issued by the Finance Ministry on foreign markets, in repurchase agr...
Leu Opens Weaker Vs Euro, Recovers Early
The Romanian leu opened Monday slightly weaker against the euro, in line with other currencies in the region, while volumes remained low and global economy fears linger.