Banks-Insurance
BCR Sold RON600M Retail NPLs - CEO
Romanian leading bank group Banca Comerciala Romana (BCR) has sold non-performing loans in the retail sector worth 600 million lei (some EUR140 million), recouping 12% of their value, chief...
Allianz’s 1H General Insurance Premiums In Romania Down 17.6%, To EUR98M
Gross general insurance premiums underwritten by Germany’s Allianz in Romania decreased by 17.6% in the first half of the year compared to the same interval in 2010, to EUR98 million, mainly...
Leu Falls Vs Euro In Early Trade On Economic Concern
The leu opened down against the euro Friday, losing around 0.4% in early trade amid global talks of a possible new recession and fears of contagion from Greece’s debt crisis.
Groupama Sees Steeper Turnover Decline In H1
Groupama, the fourth largest insurer, in the first six months underwrote gross premiums worth EUR84 million, down 12% from a year ago, on weak car policy sales.
SIF Shareholders Push Ahead With Request For BCR Listing
On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the...
Omniasig Shareholders Approve Preliminary Merger With BCR Asigurari - Sources
The shareholders of Romanian insurer Omniasig VIG on Thursday approved the preliminary merger with BCR Asigurari, the absorbing company, people close to the matter told MEDIAFAX.
Leu Dips Vs Euro In Volatile Trade
Romania’s leu lost early gains versus the euro in late trade Thursday, amid a highly volatile session and rising volumes, and closed nearly 0.2% weaker on the day at 4.23/4.233 units.
Romania Sells RON372M 5-Year Bonds At 7.35% Average Yield
Romania’s Finance Ministry on Thursday sold 372.2 million lei (EUR88.1 million) in five-year treasury bonds, a little over half of the planned amount, at an average yield of 7.35% a year.
EU Reimbursements To Romania Might Be Resumed Starting October - Official
The European Commission might resume reimbursements to Romania for EU-funded projects starting October, and Romanian authorities must make financial corrections in the case of these projects...