Banks-Insurance
Austrian Banks Add EUR0.5B To Romanian Market, French Banks Withdraw EUR4.8B
Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of Internati...
Lending Freeze Turns Romanians Into Net Creditors Of Banks
The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts...
Leu Gains 0.25% Vs Euro Amid Low Volumes
Romania’s leu widened earlier gains versus the euro in late trade Tuesday and closed 0.25% stronger on the day, amid low volumes.
BNR: Romanian Bank Payment Refusals Rise To RON581M In August
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 581.3 million lei (EUR135.7 million) in August, up 38.6% on the month, central bank data showed Tu...
Parliament Committees Endorse Romeo Ionut Comaniciu As CSA President
The Romanian Parliament’s budget and finance committees on Tuesday endorsed Romeo Ionut Comaniciu for the position of president of insurance regulator CSA with 21 to 12 votes and one abstent...
Leu Dips Vs Euro, On EU Political Woes
The Romanian leu opened inches weaker against the euro Tuesday, amid market tension caused by political sparring across Europe that delay a response against the government debt crisis.
Major Merger On Insurance Market: Omniasig’s Name Prevails Over BCR Asigurari
The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholde...
SIF Shareholders: We Are Disappointed By Erste’s Offer
The shareholders of the five regional investment funds (SIF) say they are disappointed with the price offered by Austrian group Erste to take over 24.12% in BCR. They have yet to decide how...
Maximum Discretion About Bankers’ Proposals For Draft Restricting Lending To Individuals
Tuesday is the deadline by which the Romanian National Bank accepts comments and proposals on the draft regulation set to drastically restrict lending in foreign currency to individuals, but...