Banks-Insurance
Leu Up Vs Euro, Exchange Rate At 4.2784
Romania’s leu extended early gains versus the euro by mid trade Friday and the central bank’s reference strengthened to 4.2784 units, from 4.2855 units a day earlier.
Leu Gains Modestly Vs Euro In Early Trade
Romania’s leu edged higher against the euro Friday morning, with investors showing caution as global uncertainties continue to take a toll on risky assets.
Banca Carpatica’s Loss Narrows To RON18.6M In 1H
Romanian lender Banca Comerciala Carpatica (BCC.RO) Friday said its loss narrowed 82.4% to 18.67 million lei (EUR4.3 million) in the first half, aided by lower provisioning costs.
BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us
All mother groups of the Romanian top 10 banks have seen their share prices plummet over the past week, with lending institutions being indirectly hurt by the sovereign debt crisis.
PAID's Portfolio Nears 820,000 Policies
Romanian insurer PAID's portfolio includes almost 820,000 mandatory home insurance contracts, covering around 10% of the homes in the country, and the company has underwritten premiums worth...
Fitch: Forex Lending Could Resume Upward Trend In Romania
Fitch Ratings Thursday warned Romania could see a new spike in foreign currency lending due to prolonged high inflation, which forces the central bank to keep interest rates above eurozone l...
Astra Asigurari Paid RON319M In Damages In 1H, Up 36% On Year
Romanian insurer Astra Asigurari paid 319 million lei (EUR74 million) in damage claims for 75,536 files in the first half of this year, 36% more compared to the same period of 2010, the comp...
Leu Hits 8-Month Low Vs Euro At 4.2885, Falls To 4.0898 Vs Swiss Franc
The leu traded just under 4.29 per euro by mid-session Thursday and the central bank’s reference weakened 0.5% to this year’s lowest rate of 4.2855 units, from 4.262 units a day earlier.
Generali Romania 1H Underwritings Down 14%, Profit Halves To RON9.7M
Insurer Generali Romania underwrote premiums of 201 million lei (about EUR47 million) in the first half of the year, down 14% on the year, and its net profit dropped to RON9.7 million from R...