Banks-Insurance
Romaero Borrows RON24M From Royal Bank Of Scotland
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) will borrow 24 million lei (EUR5.6 million) from the local unit of Royal Bank of Scotland to finance lending and...
BNR: Loan Restructuring Not Enough To Bolster Debt Repayment
Romanian banks didn’t quite benefit from loan restructuring schemes over the past year, mostly due to adverse economic conditions, and the low repayment ratio is putting pressure on lending...
Leu Ends Lower Vs Euro In Quiet Market
Romania’s leu weakened slightly against the euro in a quiet market Tuesday, mirroring a downward trend in the region amid speculations that Greece is getting closer to defaulting on its debt...
Hidroelectrica Takes Out EUR32 Million Loan From RBS
Hidroelectrica, Romania’s largest energy producer, continues to borrow money from major banks. The latest bank it turned to is RBS Romania, from which it took out a EUR32 million loan.
MPs Discuss On Tuesday Appointment Of New Insurance Market Supervisor
Romanian MPs were to appoint a new head for insurance regulator CSA by June, when the current president’s mandate ended, but the decision could not be reached, for lack of quorum.
Altur Slatina Invests Over EUR5M In Equipment
Automotive component manufacturer Altur Slatina (ALT.RO), controlled by businessman Catalin Chelu, will make a 22.1 million lei (EUR5.18 million) investment to buy equipment required to impr...
Inflation Decline Leaves Room For Central Bank To Give Leu Lending A Boost
Prices were down for the third month in a row in August, as a result of the good farming year, but also of the decline in demand.
Banca Transilvania One-Year Target Price Reduced By 14.2%, To RON1.2
Raiffeisen Capital & Investment on Monday reduced by 14.2% the one-year target price for Banca Transilvania (TLV.RO), to 1.2 lei (EUR0.28) from RON1.4, but maintained the “hold” recommendati...
Credit Risk Is Romanian Banking’s Main Vulnerability – Report
Credit risk is the main vulnerability of the Romanian banking segment, but pressure on bank asset quality is expected to decrease in the future, as economic growth is consolidated and banks...