Banks-Insurance
Leu Closes Stronger Vs Euro, In Line With Peers
The Romanian leu closed Wednesday noticeably stronger against the euro, in a quiet market, while other currencies in the region were seeing similar evolutions.
BelRom Borrows EUR9.5M From BRD For NE Romania Retail Park
Belgian group BelRom secured a EUR9.5 million loan from BRD-Groupe Societe Generale (BRD.RO), to fund a retail park in northeastern Romanian town Botosani.
Ardaf Subscribed RON64.9M Premiums In 1H, Down 54% On Year
Romanian insurer Ardaf Bucuresti (ARDF) underwrote premiums of 64.89 million lei (about EUR15.22 million) in the first half of the year, down 54% compared to the same interval in 2010, said...
Aviva Asigurari de Viata’s 1H Revenue Down 11.7% To RON34M
Romanian insurer Aviva Asigurari de Viata’s revenues from underwritten premiums dropped 11.7% in the first half of the year compared to the same interval in 2010, to 33.99 million lei (about...
BNR Pumps RON2.3B In Second Repo This Week
Romania’s central bank Wednesday injected 2.28 billion lei (EUR535 million) into the money market in a seven days repurchase agreement operation, just a day after it boosted liquidity by RON...
Leu Rises Vs Euro, Exchange Rate At 4.2609
The Romanian leu gained ground against the euro in mid-trade Wednesday, and the central bank’s reference strengthened to 4.2609 units, from 4.2706 units in the previous day.
BCR Asigurari de Viata 1H Underwritten Premiums Up 8.5%, To RON167M
Romanian life insurance company BCR Asigurari de Viata underwrote premiums of 167.02 million lei (about EUR39 million) in the first half of the year, up 8.5% compared to the first half of 20...
Leu Flat Vs Euro In Quiet Early Trade
The Romanian leu was mostly still in early trade Wednesday, hovering around 4.275 to the euro, in a calm market with low trading volumes, dealers said.
First Fund “Secured Against Losses”, Beaten By Banking Interest
The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plumme...