Banks-Insurance
Foreign Market Rout Hurts Romanians With Swiss Franc Loans
Strong emotions for the 50,000 Romanians holding Swiss franc-denominated loans totaling EUR3.2 billion: the leu/franc exchange rate climbed beyond RON4 on Tuesday, marking an over 40% increa...
Sums Parked At BNR Rise To RON51.4B In July
Overnight deposits at Romania’s central bank BNR reached a combined amount of 51.4 billion lei (EUR12 billion) in July, up 12.8% on the month, central bank data showed Tuesday.
Leu Closes Down 0.4% Vs Euro In Calm Session
Romania’s leu traded near 4.26 per euro in late session Tuesday and closed 0.4% weaker on the day at 4.2615/4.2635 units, from 4.242/4.244 units a day earlier.
Astra Asigurari 1H Revenue Down 3.7% To RON559M, Pre-Tax Profit Up 7-Fold
Romanian insurer Astra Asigurari underwrote premiums of 559 million lei (about EUR131 million) between January and June, down 3.7% compared to the same interval last year, but its first-half...
Leu Breaks Through RON4 Vs Swiss Franc, Trades At RON4.267 Vs Euro
Romania’s leu widened early losses against the euro by mid trade Tuesday, tracking the currencies in the region, while the central bank’s reference lost 0.5% at 4.267 units, from 4.2442 unit...
BCR Banca pentru Locuinte 1H Profit Triples To RON3M
BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, reported a profit of 3 million lei (EUR0.7 million) in the first half, over threefold higher on the year, t...
Leu Down Vs Euro In Early Trade In Quiet Market
The Romanian leu opened down versus euro Tuesday, on a calm market, while other currencies in the region posted small gains against the European coin.
Insurers, Pension Fund Managers: Impact Of New Crisis To Be Double
Insurer and private pension fund managers say that, while they have not felt any major changes in recent sales following the foreign financial market turmoil, the lessons learnt from the cri...
Leu Dips Vs Euro In Sleepy Session
Romania’s leu traded in ranges against the euro Monday afternoon and closed slightly weaker on the day, amid a quiet session.