Banks-Insurance
Leu Modestly Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro amid low volumes Monday morning, tracking the currencies in the region.
Finance Ministry Prepares To Tap Wall Street
Romania's Finance Ministry wants to raise money from the U.S. market this fall by selling US dollar-denominated bonds in a bid to diversify attracted resources and also find other investors...
Financial Leasing Accelerates Growth In 2Q
The financial leasing market accelerated its growth in the second quarter of the year, when EUR379 million in funding was granted, 33% less than in the first quarter of 2011, according to da...
Leu Moves Lower Vs Euro On Negative Sentiment
Romania’s leu weakened against the euro Friday, in line with the currencies in the region, and closed 0.2% lower at 4.2425/4.245 units, from 4.233/4.2335 units a day earlier.
Volksbank Romania Transferred To New Volksbank AG Unit By End September
Volksbank Romania will be transferred to a new division of Austria’s Volksbank AG, after the latter agreed to sell its eastern European arm Volksbank International to Russian Sberbank, the h...
In-Bank TV Screens To Display Information Under New Regulation
Romanian banks will be required to display information on consumer rights and obligations, financial explanations as well as data provided by the National Consumer Protection Authority (ANPC...
Leu Widens Losses Vs Euro, Exchange Rate At 4.2418
The Romanian leu continued to retreat against the euro in mid trade Friday and the central bank’s reference weakened 0.26% to 4.2418 units, from 4.2306 units a day earlier.
Leu Weakens Vs Euro, In Quiet Market
The Romanian leu opened Friday slightly weaker against the euro, in a quiet market with low traded volumes.
Bankers Are Still Clinging On To Margins
Bankers are still fattening revenue from interest margins, the spread between interest rates charged for loans and those paid for deposits, despite recent messages of a fiercer battle for cl...