Banks-Insurance
Omniasig 1H Underwritten Premiums Down 10.54%, To RON433M
Omniasig Vienna Insurance Group's underwritten premiums decreased by 10.54% in the first half of 2011, to 433.13 million lei (around EUR100 million), according to IFRS, the Romanian insurer...
Raiffeisen Bank International 1H Profit In Romania Falls To EUR40M
Austria’s Raiffeisen Bank International AG Thursday said its after tax profit in Romania fell 23% to EUR40 million in the January-June period, hurt by higher expenses and lower revenue from...
Lending Picks Up: EUR3B In New Loans In Four Months
After two years of decline, private lending has been on the rise for the last four months, with companies borrowing most new money.
Analysts, Still Cautious: Lending Could Suffer Again
A faster recovery of lending is not possible on the short term, analysts believe, given the recent weeks’ international market turmoil, likely to lead to rising borrowing costs.
Leu Rises Slightly Vs Euro In Quiet Trade
Romania’s leu lost most of its early gains versus the euro in late trade Wednesday, but closed slightly higher at 4.254/4.2565 units, from 4.258/4.26 units a day earlier.
Leu Up Vs Euro, Exchange Rate Hits 2-Week High At 4.2488
Romania’s leu traded just below 4.25 per euro in the first half of Wednesday’s session, amid growing foreign currency sales, and the central bank’s reference gained 0.2% to 4.2488 units, the...
Romania's Private Lending +1.5% On Month To RON216B In July
Romanian private lending rose 1.5% in real terms to 216 billion lei (EUR50.7 billion) in July from a month earlier, central bank data showed Wednesday.
Leu Opens Stronger Vs Euro, In Line With Peers
The leu continued to strengthen against the euro early Wednesday, in line with other currencies in the region, backed by euro sales.
BNR Set To Discuss Monetary Policy Rate And Minimum Leu Reserve Cut
The National Bank of Romania (BNR) will discuss cutting the monetary policy interest rate and the minimum leu reserve requirements this fall in order to encourage lending in the local curren...