Banks-Insurance
Leu’s Exchange Rate Falls To 15-Month Low Of 4.321 Vs Euro
Romania’s leu continued to retreat against the euro by mid trade Wednesday, tracking the currencies in the region, while the central bank’s reference fell 0.2% to 4.321 units, the weakest ra...
Romanian Central Bank Lends RON2.5B To Local Bank In 7-Day Repo
Romanian central bank Wednesday lent 2.5 billion lei (EUR581 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary...
BNR Has Scope For Monetary Easing, Former FinMin Says
The lower inflation could give Romania’s central bank enough room to ease its monetary policy rate, even if not by much, analyst and former finance minister Daniel Daianu said Wednesday.
Leu Opens Weaker Vs Euro, On Negative Sentiment
The Romanian leu opened weaker against the euro Wednesday, on negative international sentiment based on news of a larger haircut for Greek bonds.
Dramatic Fall For Consumer Loans: 1.3 Million Contracts Erased In Crisis
Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, accor...
Entrepreneurs Believe BNR Will Cut Key Rate This Time
Businesspeople continue to expect a signal from the central bank (BNR) to boost the economy by encouraging lending, after a year and a half during which the key rate has been frozen at 6.25%...
RBS: Leu To Fare Better Than Zloty And Forint
The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves...
Constantin Buzoianu Appointed Head Of Insurance Regulator By Parliament
Romania's Parliament on Tuesday approved Constantin Buzoianu's appointment as president of the Council of the Insurance Supervision Commission (CSA).
Moody’s Sees Romania 5-Year Default Probability At 8.9%
The probability of a Romanian sovereign debt default in the next five years reached 8.9% at the end of last week, after the 12-month risk nearly doubled to 1.35%, from 0.76% in the previous...