Banks-Insurance
SIFs To Get 44% Less For BCR's Shares Than Other Minority Holders
Austrian Erste Group’s offer to four of the five SIF investment funds in Banca Comerciala Romana (BCR) for a 24.12% cumulated stake is 44% lower compared to the price proposed to the other m...
Leu Ends Higher Vs Euro As ECB Moves To Auction Dollars
Romania’s leu strengthened against the euro in late trade Thursday, tracking the currencies in the region, and closed 0.5% higher on the day after news that the European Central Bank will pr...
Romania Sells RON180M 3-Year Bonds At 7.5% Average Yield
Romania’s Finance Ministry on Thursday sold 180.1 million lei (roughly EUR42 million) in three-year bonds, well below the planned amount, while the average yield rose to 7.49% a year.
Leu Partly Recoups Vs Euro, But Exchange Rate Falls To 4.294
Romania’s leu recovered part of its early losses against the euro by mid trade Thursday, but the central bank’s reference weakened slightly to 4.294 units, a fresh low of 2011.
SIF Transilvania Calls Shareholders To Approve BCR Stake Sale
The managing board of regional investment fund SIF Transilvania (SIF3.RO) called shareholders to meet on October 31 and approve the sale of a 6% stake in lender BCR, the fund said Thursday i...
Insurers Pay Hundreds Of Thousands Of Euros To Victims Of Road Accidents
Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only...
Volksbank’s Offer For Mortgage Loans In Detail
Volksbank returns to the market of home loans with interests of 9.61% on leu-denominated loans and of 6.98% on euro-denominated loans after a two-year pause.
Erste To Buy 24% In BCR From 4 SIFs For About EUR435M
Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of...
Leu Slips Vs Euro On Negative Sentiment
Romania’s leu lost almost 0.2% against the euro in a quiet market Wednesday, amid a negative sentiment in the region after Moody’s downgraded two French banks, adding to worries about financ...