Banks-Insurance
Leu Ends Almost Flat Vs Euro, In Quiet Market
The Romanian leu ended Friday at around 4.305 to the euro, almost flat on the day, after a silent session, dominated by news on the potential deafult of Greece.
Romania Private Lending -0.2% On Month To RON215.7B In August
Romanian private lending edged down 0.2% in real terms to 215.7 billion lei (EUR51 billion) in August compared to July, central bank data showed Friday.
Raiffeisen’s Treasury Head Pleads For Lower Leu Interest Rates
Romania is in the odd situation where transactions are concluded in lei, but many prices are set directly in euros, so that the economy is basically relying on the euro, so why should leu-de...
Garanti: New Lending Rules To Cause Decline, Market Will Adjust Though
The new regulations Romania’s central bank (BNR) has prepared for household lending will certainly lead to a decline of the retail banking business, says Murat Atay, general manager of Garan...
Leu Ends Down Vs Euro, Mirroring Neighbors
Romania’s leu weakened against the euro Thursday and closed down 0.3% at 4.304/4.3055 units, tracking the currencies in the region, after the US central bank warned of persistent economic ri...
Romania Sells RON98.4M 10-Year Bonds At 7.65% Average Yield
Romania’s Finance Ministry on Thursday sold 98.4 million lei (EUR22.8 million) in 10-year treasury bonds, well below the planned amount, while the average yield rose to 7.65% a year.
SIF Muntenia Holders Allow Managers To Sell BCR Stake
The shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) allowed the managing board to decide whether to sell or keep the BCR stake, Thursday said Petre Szel, president o...
PAID’s Technical Reserves Exceed RON30M
The technical reserves of the Pool of Insurance Against natural Disasters (PAID) exceed 30 million lei (about EUR7 million), of which about RON400,000 represent approved and unapproved claim...
Leu’s Exchange Rate Hits 2011 Low Of 4.3081 Vs Euro
Romania’s leu continued to retreat against the euro by mid trade Thursday and the central bank’s reference weakened 0.4% on the day to 4.3081 units, the lowest rate this year.