Banks-Insurance
BCR Employees Get Sweetened Exit Deal Because They Need Protection, Erste Says
Romanian BCR’s employees are getting more for their shares in the bank compared with the SIF minority stockholders because they need “a certain level of protection” to liquidate their holdin...
Wimmer: BCR Highly Likely To Require A Future Capital Boost
Austrian Erste Group Bank AG (EBS.RO) Friday said its Romanian unit BCR could very likely need a capital increase sometime in the future, as risk costs are bound to remain at high levels.
BNR Lends RON1.5B To Local Bank In 7-day Repo
The Romanian central bank Friday lent 1.55 billion lei (EUR362 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the moneta...
Leu In Ranges Vs Euro, Exchange Rate At 4.271
Romania’s leu traded in ranges against the euro by mid-day Friday, while the central bank’s reference strengthened over 0.5% to 4.271 units, from this year’s low of 4.294 units a day earlier...
Erste Says Buyout Offer For 24% In BCR As Good As It Gets
Austrian Erste Group Bank AG (EBS.RO) Friday said its buyout offer for 24% in Romanian BCR from four SIF minority shareholders expires once the last of the SIFs has held their meeting on the...
Leu Opens Flat Vs Euro, In Quiet Market
The Romanian leu opened roughly flat against the euro Friday, in a quiet market, after strengthening significantly at closing the day before, on news of synchronize action by major central b...
AXA Announces Ambitious Plans For Romanian Market: 100 Offices And 2,000 Consultants
A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans.
SIFs Get Much Less Than BCR Employees For Their Shares After Five Years Of Waiting
Erste has finally persuaded four of the five regional investment funds (SIFs) to sell their stakes in BCR after more than one year of negotiations, but the Bucharest bourse loses one on the...
BNR Board Member: Many Non-Performing Loans Could Be Revived If Banks Really Wanted To
Foreign banks are suffocating companies and the government no longer has a powerful bank it can use to compensate business directions dictated by factors from abroad, says Nicolae Danila, fo...