Banks-Insurance
Bankers Sold Mortgage Loans Worth EUR100M In July
Sales of state secured loans sped up mortgage loan growth in July, with the volume of funding for buying a home climbing by the equivalent of EUR100 million last month.
EFG Eurobank Switches To EUR4.6M Loss In Romania In 1H
Greece’s second biggest bank EFG Eurobank Monday said it has switched to a loss of EUR4.6 million in Romania in the first six months, from a net profit of EUR10.7 million in the year-earlier...
Alpha Bank 1H Pretax Profit In Romania Falls To EUR5.4M
Greece’s third largest lender Alpha Bank Monday said its pretax profit in Romania dropped 77.4% to EUR5.4 million in the first half, due to higher operating costs.
Finance Ministry Plans To Sell RON4.7B Treasuries In September
Romania’s Finance Ministry plans to sell state paper worth 4.7 billion lei (EUR1.1 billion) in September, up from roughly RON2.6 billion sold a month earlier, ministry data showed Monday.
Eurobank-Alpha Bank Set To Become Romania’s Third Largest Bank Group
The freshly announced merger between Greek lenders EFG Eurobank and Alpha Bank will propel their Romanian subsidiaries to the third position in the local system, from the lower half of the t...
Insurer Euroins Romania 1H Underwritten Premiums Down 36% To RON116M
Insurer Euroins Romania underwrote premiums of over 116 million lei (about EUR27.35 million) in the first half of the year, down 36% compared to the same interval in 2010, due to a 41% drop...
Central Bank Injects RON337M In 7-Day Repo
The central bank Monday injected 336.8 million lei (EUR79.4 million) into the money market in a seven days repurchase agreement operation, three days after lending RON1.5 billion to six bank...
Ruling Coalition Agrees On Keeping High Taxes On Multiple Homes Into Next Year
Romania’s ruling coalition on Monday approved a proposition to keep the higher taxes paid by owners of two or more buildings into 2012, after a law approved by the Parliament limited their a...
SIFs At Each Other’s Throats Over BCR
As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer.