Banks-Insurance
Leu Down Vs Euro, Exchange Rate At 4.2669
Romania’s leu continued to retreat against the euro in mid trade Friday and the central bank’s reference weakened 0.2% to 4.2669 units, from 4.2567 units in the previous session.
OTP Bank Romania Swings To EUR5.5M Net Profit In 1H
OTP Bank Romania registered a net profit of 1.47 billion Hungarian forints (EUR5.5 million) in the first half of the year, compared to a loss of HUF2 billion in the same interval of 2010, fo...
Leu Dips Vs Euro, On Low Volumes
The Romanian leu opened Friday a bit weaker against the euro, amid market apathy and in line with the region, where investors were also showing caution.
Bancpost Cedes Market Share By Selling Loans
Bancpost, the ninth lending institution by assets, last year continued to transfer some loan packages from its own balance sheet to the parent bank or other vehicles controlled by it, relinq...
Banks' Adjustment To Crisis: 450 Units Closed And 5,000 People Left Since 2008
The banking system continues to slowly adapt its territorial network to the weak loan demand, particularly on the retail segment, so that 32 units were shut down in the second quarter, with...
IFC Might Issue Leu-Denominated Bonds In Romania
IFC, the World Bank’s investment arm, is likely to issue leu-denominated bonds on the Romanian market, should there be any infrastructure projects needing significant funding. Such a move wo...
ING Bank Appointed New Depositary Of Proprietatea Fund
Romanian investment fund Fondul Proprietatea (FP.RO) Thursday said it has appointed ING Bank Bucharest as new depositary of its 16 billion lei (EUR3.75 billion) worth of assets, following a...
UNIQA Asigurari's Premiums Subscribed Down 7.5% To RON200M In First Half
Romanian insurer UNIQA Asigurari's revenue from underwritten premiums was 199.77 million lei (EUR47 million) in the first six months of 2011, down 7.5% on the year, and it paid damages worth...
Leu Weakens Vs Euro, In Line With Neighbors
Romania’s leu widened early losses against the euro in late trade Thursday, mirroring the markets in the region, and closed nearly 0.3% weaker on the day at 4.259/4.261 units.