Banks-Insurance
Most Profitable Ten Banks On The Market Post RON380m Income In H1
The banking system is still suffering after almost three years of crisis and the financial results released in mid this year show that the good times of 2005-2008, when profits had gone even...
Insurer Astra Remains Market Leader By 1H Underwritten Premiums
Only two of the top ten insurers generated rising turnovers in the first half of the year, while the revenue of another three insurers posted two-digit declines.
BCR Cuts GDP Growth Projection For 2012 By 1% To 2.9%
Banca Comerciala Romana (BCR), the largest bank on the local market, reduced its economic growth forecast for next year by one percentage point, from 3.9% to 2.9%, quoting the outlook of pro...
Societe Generale Buys More Shares In BRD For RON2.2M
French bank Societe Generale Friday paid 2.2 million lei (EUR0.53 million) for almost 0.03% in its Romanian unit BRD (BRD.RO), after acquiring a 0.02% stake on Tuesday.
General Insurance Damage Claims Amount To RON2.13B In 1H
Romanian insurers paid general insurance damage claims amounting to 2.13 billion lei (about EUR502,000 million) in the first half of the year, insurer regulator CSA said in a press release F...
Central Bank Pumps RON1.5B In 7-Day Repo
The central bank Friday injected 1.5 billion lei (EUR354 million) into the money market in a seven days repurchase agreement operation at an interest rate of 6.25% a year, equal to the monet...
Overdue Loans Rise 1.7% To RON19.7B In July
Romanian overdue private loans inched up 1.7% on the month to 19.74 billion lei (EUR4.6 billion) in July, equal to 9.1% of the total lending, according to central bank data.
Raiffeisen Granted Loans Amounting To EUR300M In 1H
Raiffeisen Bank, the fourth largest bank by assets in mid-2011, has granted loans worth around EUR600 million over the past year, managing to expand its portfolio by 23% from mid-2010, to EU...
Finance Ministry Sells RON226.5M 10-Year Bonds; Yield Rises To 7.6%
Romania’s Finance Ministry on Thursday sold 226.5 million lei (EUR53.2 million) in 10-year treasury bonds, below the planned amount, while the average yield rose to 7.59% a year.