Banks-Insurance
Banks Ask Clients For Even Two Days' Notice To Withdraw Over EUR5,000
Clients who want to withdraw more than EUR5,000 from their current accounts need to notify the bank at least one day ahead and in some cases they even need to go to the bank to file a writte...
Societe Generale Buys 0.02% In BRD For RON2.3M
French bank Societe Generale Tuesday paid 2.3 million lei (EUR0.54 million) for a stake of 0.02% in its Romanian unit BRD (BRD.RO).
Leu Modestly Up Vs Euro In Calm Trade
Romania’s leu strengthened slightly against the euro amid a quiet session Tuesday and closed at 4.258/4.26 units, from 4.2625/4.2635 units a day earlier.
Raiffeisen Cuts Romania GDP Growth Forecast To 2.7% In 2012
Austrian financial group Raiffeisen Tuesday revised downward its forecast on Romanian economic growth to 2.7% in 2012, from 3.5% previously, due to the negative effects of the faltering reco...
Leu Partly Loses Edge Vs Euro, Exchange Rate At 4.2579
Romania’s leu lost part of its early gains versus the euro by mid trade Tuesday, but the central bank’s reference strengthened for the second straight day to 4.2579 units, from 4.2611 units...
BNR: Bank Payment Refusals Fall To RON420M In July
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 420.3 million lei (EUR98.6 million) in July, down 16% on the month, central bank data showed.
Leu Opens Stronger Vs Euro, As Markets See Uptick
The Romanian leu opened Tuesday stronger against the euro, and continued to strengthen within the first hour, while other currencies in the region were seeing similar evolution, encouraged b...
Banks Paid 50% Less In Profit Tax In First Half
The Romanian government collected profit tax of EUR1.2 billion from companies in the first half of the year, 4% more than in the similar period of 2010, while amounts paid by banks halved.
Stock Falls Wipe Out Tens Of Million Euros From Unit-Linked And Private Pension Accounts
Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts.