Banks-Insurance
Dinu Patriciu Says Banks Deny Funding For Mic.ro Expansion
Romanian business Dinu Patriciu on Wednesday said he will invest EUR100 million more of his own funds to develop the retail networks Mic.ro, Macro and miniMax, since banks are not willing to...
Romanian Government Approves Letter Of Intent To IMF Deal
Romanian government Wednesday approved the final version of its letter of intent to a EUR3.5 billion precautionary loan agreement with the International Monetary Fund, following a review mis...
Leu Exchange Rate Falls To 2011 Low Of 4.2886 Vs Euro
The Romanian leu retreated against the euro in the first half of Wednesday’s session, amid growing aversion to risk in the region, and the central bank’s reference weakened to 4.2886 units,...
Volksbank Romania Resumes Lending After Two-Year Pause
Volksbank Romania on Wednesday said it has restarted lending, after a two-year break, by launching new home purchase loans available in euro and in leu.
Leu Weakens Vs Euro, On French Bank Downgrades
The Romanian leu opened Wednesday weaker against the euro, in line with other currencies in the region, on increased risk aversion after Moody's downgraded the ratings of French banks Societ...
Erste Puts EUR600M In Cash And Shares On SIFs’ Table
Erste could announce the offer for 30% in Romania’s largest lender BCR over the next few days. If the deal comes through, Romania will lose the unique opportunity of having its largest bank...
Nearly EUR3 Billion Erased From Portfolios Of NBFIs Since The Crisis Started
Leasing companies and the other Non-bank Financial Institutions (NBFIs) have lost several tens of thousands of clients since the beginning of the crisis, with loan portfolios cut by a third.
Less Than 20% Of Romanian Companies Have Outstanding Loans
Less than 20% of the Romanian companies had outstanding loans at the end of June, down 17.4% on the year, central bank data showed.
BNR: Oil, Gas Companies Top Performers In 2010
Romanian oil and natural gas companies were top economic performers in 2010, unlike state firms, which lagged in negative territory, central bank data showed.