Banks-Insurance
Leu Steady Vs Euro, Exchange Rate At 4.2228
Romania’s leu traded near 4.22 per euro in the first half of Wednesday’s session and the central bank’s reference weakened unnoticeably to 4.2228 units, from 4.2219 units a day earlier.
Romania To Hire Advisor On USD Bond Issue By September 6
Romania’s Finance Ministry is looking to hire a legal advisor to extend its medium term notes (MTN) program by including US dollar-denominated bonds, the ministry said in a statement Wednesd...
Piraeus Bank Romania Sees 28% Drop In 1H Pretax Profit, To RON43.7M
Piraeus Bank Romania registered a pretax profit of 43.7 million lei (EUR10.35 million) in the first half of the year, under Romanian accounting standards, down 28% on the same interval of th...
Bad Loans Hurt Alpha And Bancpost Portfolios
Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six month...
First Unofficial Meeting Of Alpha And Bancpost Bosses Over Merger
Sergiu Oprescu, executive president of Alpha Bank, and Peter Weiss, executive president of Bancpost, had a private meeting scheduled for Monday evening to unofficially discuss the domestic i...
Bank Of Cyprus 1H Profit In Romania Falls to EUR3.5M
Bank of Cyprus Tuesday reported a 12.5% drop in its after-tax profit in Romania to EUR3.5 million in the first half, from EUR4 million in the year-earlier period.
NBG Turns To EUR1M First-Half Loss In Romania
The National Bank of Greece (NBG) Thursday said it has switched to first-half loss of EUR1 million on the Romanian market, from net profit of EUR14 million in the year-earlier period, hurt b...
Societe Generale Buys 0.3% In BRD For RON24M
French bank Societe Generale Tuesday paid 24 million lei (EUR5.6 million) for a 0.29% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.67%.
Mandatory Private Pension Funds’ 1H Net Profit Down 44%, To RON139M
Romania’s mandatory private pension funds (Pillar II) registered net profit of 138.9 million lei (about EUR33 million) in the first half of 2011, down 43.7% compared to the same interval a y...