Banks-Insurance
Will Bankers Cut Leu Loan Costs To Counter Restrictions On Forex Loans?
For a loan of EUR40,000 or the equivalent in lei, the difference between the monthly installment on a leu-denominated and a euro-denominated loan is of around EUR85. In 30 years, clients pay...
Last Attempt By SIFs To Strike Deal With Erste On BCR Shares
The five regional investment funds (SIFs) are increasingly pressured by the approaching deadline to decide on the fate of the 30.1% stake in Romania’s largest bank, BCR. The SIFs met with Er...
EBRD Considers Lending EUR210M To Cora Expansion In Romania
The European Bank for Reconstruction and Development, or EBRD, on Thursday said it is considering granting a loan of EUR210 million to the Louis Delhaize Group, for the expansion of its Cora...
Leu Weakens Vs Euro On Negative Sentiment
Romania’s leu fell against the euro amid low volumes Thursday, tracking the currencies in the region, and closed 0.3% weaker at 4.25/4.252 units, from 4.2375/4.239 units a day earlier.
Rosia Montana Gold Corporation Says Hasn't Yet Set Finance Plan For Mining Project In Romania
Rosia Montana Gold Corporation (RMGC), the company developing a gold mining project in Rosia Montana, western Romania, said Thursday it has not yet set the financing plan and the implementat...
Rosia Montana Gold Corporation To Borrow $700M For Mining Project In Romania
Rosia Montana Gold Corporation (RMGC), the company developing a gold mining project in Rosia Montana, western Romania, will borrow $700 million from an international bank consortium led by R...
Volksbank To Sell Romanian Unit After Repositioning
Austria’s Volksbank AG is planning to sell its Romanian subsidiary, but not before the bank is repositioned over the course of the next two to three years, the mother company said in a state...
BRD: Romanian Banks Lag Behind Regional Peers
Romanian banking system lags behind the ones in the Central European region, largely due to its faulty financial intermediation services, particularly in rural areas, a top executive of lend...
Insurer Astra Approves Epsilon Estate Provider As New Shareholder
Romanian insurer Astra on Wednesday approved company Epsilon Estate Provider as new shareholder, after the latter bought in June a 27% stake in the insurer for 106 million lei (about EUR25 m...