Banks-Insurance
Leu Dips Vs Euro On Rising FX Demand
Romania’s leu retreated against the euro in late session Monday, amid growing demand for foreign currency, and closed slightly weaker at 4.3045/4.3075 units.
Labor Ministry Reduces Capital Requirement For New Private Pension Providers To EUR5M
Romanian companies looking to operate as private pension providers will need to have a minimum share capital of EUR5 million, half the amount proposed in December 2010, according to a new bi...
Bucharest Bourse Allows 25% Variation On Erste Shares
The Bucharest bourse on Monday raised the maximum variation limit to 25% on Erste Group Bank (EBS.RO) stocks, as opposed to the usual 15% ceiling, since the lender’s stock price rose above t...
Romania Rejects All Bids In 6-Month Bills Sale
Romania’s Finance Ministry on Monday rejected all bids in a 400 million lei (EUR93 million) six-month bills auction, citing high yields.
Leu In Ranges Vs Euro, Exchange Rate At 4.2984
Romania’s leu traded in ranges against the euro by midday Monday and the central bank’s reference won 0.2% to 4.2984 units, from 4.3072 units in the previous session.
BCR Gets EUR20M Loan From EBRD To Finance Energy Projects
The European Bank for Reconstruction and Development Monday extended a EUR20 million loan to Romanian lender BCR to finance investments in the energy sector developed by small- and medium-si...
Leu Opens Flat Against Euro, On Low Trading
The Romanian leu opened Monday roughly flat against the euro, on low traded volumes, but weakened slightly in the first part of the session.
BNR: Banks Should Take Clients’ Age Into Account When Lending
More than 71% of unsecured consumer loans granted to young people aged between 18 and 25 had gone sour by late June; this is the client category causing bankers the biggest headache, central...
Bankers See August Loan Sales Down Four-Fold
Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four t...