Banks-Insurance
Erste: Our Romanian Business Will Fare Better In 4Q
Andreas Treichl, chief executive officer of Austrian group Erste, expects the financial results of Banca Comerciala Romana (BCR) to visibly improve starting in the fourth quarter.
What's In It For The Bucharest Exchange If BCR Gets Listed
The Bucharest stock exchange might lose another valuable issuer, which would have made a significant contribution to the local capital market, similar to BRD - daily traded volume of about E...
Basescu: Domestic Banking Sector Is Well-Capitalized
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that the domestic banking sector is well-capitalized, but attent...
Emporiki Bank Romania 1H Revenues Rise 30% To EUR7.95M
Emporiki Bank Romania posted a 30% increase in revenues to EUR7.95 million in the first half, from EUR6.14 million in the same period a year earlier, the mother company, Emporiki Bank of Gre...
Leu Gains Modestly Vs Euro In Quiet Market
Romania’s leu edged higher against the euro Friday, amid low volumes, and closed at 4.2395/4.2405 units, from 4.247/4.25 units a day earlier.
Erste Expects Romanian Lending To Pick Up In Coming Months
Erste Group Bank AG (EBS.RO) Chief Executive Officer Andreas Treichl estimated Friday Romanian lending will pick up over the next period as the economy rebounds from the crisis.
Leu In Ranges Vs Euro, Exchange Rate At 4.2403
The leu traded near 4.24 against the euro by mid-session Friday and the central bank’s reference firmed slightly to 4.2403 units, from 4.2445 units a day earlier.
Erste CEO: I’ll Do Everything In My Power To Avoid BCR’s Listing
Erste Group Bank AG (EBS.RO) Chief Executive Officer Andreas Treichl said Friday he would do “everything in his power” to avoid a potential listing of its Romanian unit Banca Comerciala Roma...
TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR
Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banc...