Banks-Insurance
Swiss National Bank Makes EUR200M Gift To Franc Loan Holders
The Swiss central bank made an unexpected gift to the 50,000 of holders of Swiss franc loans in Romania, after its announcement that it will do everything in its power to depreciate the fran...
Romanians To File 133% Guarantee On Consumer Loans - Draft
Consumer loans will have a maturity of at most five years, and clients will have to guarantee 133% of the loan’s value, while real estate financing in euro will require an advance of at leas...
Leu Ends Flat Vs Euro On Low Volumes
Romania’s leu recovered part of its early losses against the euro in late trade Tuesday and closed almost flat on the day at 4.2465/4.25 units, amid low volumes.
Leu Sharply Up Vs Swiss Franc, Falls Slightly Vs Euro
The Romanian leu advanced substantially against the Swiss franc Tuesday, after the Swiss central bank decided to fix the exchange rate at 1.2 francs per euro and said it would buy unlimited...
BNR: Overdue Loan Payments Up 46% On Year To RON18.5B In July
Romanian overdue payments on loans worth at least 20,000 lei (around EUR4,700) rose to RON18.54 billion in July, 46.3% higher on the year, according to central bank data.
City Mall Liquidator Optimistic About Successful Sale By Year-end
Transilvania Insolvency House, the designated liquidator of Bucharest shopping center City Mall, is confident it will find a buyer for the troubled company by year-end, after several investo...
Leu Falls Vs Euro In Early Trade
Romania’s leu opened lower against the euro amid higher volumes Tuesday, mirroring the downtrend on regional markets.
Generali Wants 10% Of Romanian Insurance Market
Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acqu...
Overdue Bank Loans Of Individuals And Companies Reach EUR4.4B
Overdue payments on individual and corporate loans continued to rise and reached RON18.5 billion (EUR4.4 billion) in July, accounting for 7.4% of overall amounts due, according to data of th...