Banks-Insurance
Leu Moves Lower Vs Euro As Risk Aversion Rises
Romania’s leu retreated against the euro in late trade Monday, tracking the currencies in the region, amid renewed fears that Greece could default on its debt.
Romania Sells RON657M 9-Month T-Bills At 6.7% Average Yield
Romania’s Finance Ministry Monday sold nine-month treasury bills worth 657.1 million lei (EUR153.5 million), above the planned amount, at an average yield of 6.74% on the year.
Leu In Ranges Vs Euro, Exchange Rate Slides To 4.2792
Romania’s leu traded in ranges against the euro by mid-session Monday and the central bank’s reference weakened 0.2% to 4.2792 units, from 4.271 units Friday.
Millennium Bank’s New Strategy Could Entail Selling Romanian Subsidiary
The operations Millennium BCP runs in Poland, Greece and Romania, will from now on be considered by the group as non core, i.e. will be treated as assets no longer essential for the business...
Garanti Head: Turning From Branch To Local Bank Accountable For 2010 Losses
Less than a year after starting operations as a Romanian bank, Garanti Bank recorded profit, in line with the bank’s medium and long term international strategy, says Murat Atay, the bank’s...
Private Pension Fund Administrators May Be Allowed To Invest In Private Equity Funds
The Romanian private pension system regulator CSSPP wants to allow administrators of private pension funds to invest in private equity funds, commodity funds or in infrastructure, according...
Sorin Popa Promoted To Delegate Executive Officer At BRD
Romania’s second-largest bank by assets BRD-Groupe Societe Generale Friday said it has appointed Sorin Popa as the new delegate executive officer, the second highest position in the bank.
Leu Firms Vs Euro On Positive Sentiment
Romania’s leu advanced against the euro in late trade Friday, tracking the currencies in the region, and closed almost 0.2% stronger at 4.26/4.262 units, from 4.2675/4.27 units a day earlier...
Erste, SIFs To Pay Rothschild EUR750,000 For Evaluation Services
Rothschild investment bank will receive EUR750,000 for evaluation services during negotiations between Austria’s Erste Group and minority stockholders in its Romanian unit BCR.