Banks-Insurance
UniCredit 1H Pretax Profit In Romania Falls 40% To EUR25M
Italian banking group UniCredit posted pretax profit in Romania of EUR25 million in the first half, down 39% on the year, the group said in its financial report Wednesday.
Leu Firms Vs Euro On Positive Sentiment
Romania’s leu strengthened against the euro Wednesday, mirroring the currencies in the region, as investors are more optimistic following better-than-expected jobs data in the US.
BNR: Inflation To Ease Next Months, Upside Risks Remain
Romanian central bank (BNR) Wednesday estimated the inflation will continue to fall in the coming months, helped by cheaper food items and a good farming year, but warned upside pressure fro...
Leu Recovers Vs Euro, Exchange Rate At 4.2342
Romania’s leu recovered earlier losses versus the euro by mid-trade Wednesday and the central bank’s reference strengthened slightly to 4.2342 units, from 4.2356 units a day earlier.
SIFs Want Minority Holders To Reconsider Assembly On BCR Listing
Romania’s five regional investment funds SIFs are trying to persuade a group of minority stockholders to reconsider their call for a general assembly regarding the potential listing in Bucha...
Romanian Central Bank Keeps Key Rate Unchaged At 6.25%
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the tenth straight time, as inflation is still likely to top the bank’s forecast.
Erste Expects SIFs' Decision On BCR Listing Options
Austria’s Erste Group Bank (EBS.RO) Wednesday said it awaits a decision from minority shareholders in its Romanian unit Banca Comerciala Romana (BCR) following discussion about the Romanian...
Leu Opens Down Vs Euro, In Line With Region
The Romanian leu fell against the euro in early trade Wednesday, as investors feared a worsening of the euro-zone debt crisis and rushed to safe-haven currencies such as the Swiss franc.
Past Due Swiss Franc Loans Climb By EUR10 Mln Per Month
Past due amounts on Swiss franc-denominated loans are making loan holders nervous, with the Swiss franc expected to reach parity with the euro this autumn.