Banks-Insurance
Leu Edges Down Vs Euro In Sleepy Session
Romania’s leu retreated slightly against the euro in a quiet session Thursday, and closed 0.2% weaker at 4.233/4.2335 units, from 4.2245/4.227 units a day earlier.
KPMG: Romanian Companies See Wider Fraud Amid Crisis
The global economic crisis has brought about an increase in fraud for most Central and Eastern Europe states, including Romania, over the past two years, according to a survey by audit and c...
Romania Rejects All Bids In 5-Year Bonds Sale
Romania’s Finance Ministry on Thursday rejected all bids in a 500 million lei (EUR118.2 million) bond sale, citing high yields.
Volksbank Romania Turns To Profit In July
Volksbank Romania has swung to profit at the end of July, from losses a month earlier, vice-president Lucian Cojocaru said Thursday.
Leu Down Vs Euro, Exchange Rate At 4.2306
Romania’s leu lost early gains versus the euro in mid trade Thursday, amid a negative sentiment in the region, and the central bank’s reference weakened almost 0.2% to 4.2306 units, from 4.2...
What Name Will The Third Leading Bank On Romanian Market Use?
The name of the lender created by the merger of Greek financial groups Alpha Bank and Eurobank, which will own the third leading bank in Romania by assets, should be Alpha Eurobank, but no d...
Carabulea In Advanced Talks To Sell Banca Carpatica
Sibiu businessman Ilie Carabulea, who controls Banca Carpatica, has resumed talks to find an investor in the bank and is already in advanced negotiations with a European investment fund, mar...
Societe Generale Buys More Stock In BRD; Ups Holding To 58.7%
French bank Societe Generale Wednesday paid 3.6 million lei (EUR0.85 million) for a 0.04% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.71%.
Leu Dips Vs Euro On Higher Forex Demand
Romania’s leu weakened slightly against the euro Wednesday, pushed down by foreign currency buy orders, and closed at 4.2245/4.227 units, from 4.219/4.2205 units a day earlier.