Banks-Insurance
SocGen, UniCredit And CaixaBank Provide EUR50M Loan For Romanian Wind Farms
French bank Societe Generale, alongside Italy’s UniCredit and Spanish CaixaBank will provide a syndicated loan worth EUR50 million to co-finance the construction of two wind farms in Romania...
ING Asigurari De Viata Premiums Down 1.1% In First Half, To RON272.7M
Romanian insurer ING Asigurari de Viata's underwritten premiums decreased by 1.1% in the first six months of the year, to 272.7 million lei (EUR64.5 million) and its gross profit dropped to...
Romania Assigns EUR600M To Fund EU Projects Until EU Resumes Reimbursements
Romania’s Government has decided to assign EUR600 million from privatization proceeds to continue funding EU projects until the European Commission resumes payments to Romania.
Leu Partly Loses Gains Vs Euro, Exchange Rate At 4.2236
Romania’s leu lost part of its earlier gains versus the euro, but the central bank’s reference strengthened 0.25% to 4.2236 units, from 4.2342 units a day earlier.
UniCredit Tiriac Bank 1H Net Profit Falls 36.6% To RON94M
Romania’s UniCredit Tiriac Bank on Thursday said its net profit fell 36.6% to 94 million lei (EUR22.6 million) in the first half, on higher operating costs and lower revenue from interests.
Leu Gains Vs Euro On Improved Sentiment
The Romanian leu rose against the euro in early trade Thursday, on a positive sentiment fueled by a return to growth of the US markets late Wednesday.
Only Ten Mortgage Loans In Lei Granted Through “First Home 4”
The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed...
One Third Of Romanians Have No Confidence In Banks
After around 10 years during which one could speak about retail banking in Romania, the banking industry, populated by dozens of lending institutions, is finding out the market has not gone...
SIFs Prepare EUR1 Bln Exit From BCR
Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five re...