Banks-Insurance
Finance Ministry To Sell EUR600M 4-Yr FX Bonds Wednesday
The Finance Ministry plans to raise at least EUR600 million at a four-year foreign currency bonds auction July 27, the second debt sale in foreign paper of 2011.
BNR: Overdue Loans Up 4.8% To RON19.4B In June
Romanian overdue private loans rose 4.86% on the month to 19.4 billion lei (EUR4.56 billion) in June, equal to 9% of the total lending, central bank data showed Tuesday.
Aviva Pensii To Take Over Pensia Mea From Aviva Asigurari de Viata
Romanian pension fund administrator Aviva Pensii will take over voluntary pension fund Pensia Mea from Aviva Asigurari de Viata, after the Private Pension System Supervision Commission (CSSP...
Central Bank Pumps RON268.6M In 7-Day Repo
The central bank Tuesday injected 268.6 million lei (EUR63.2 million) into the money market in a seven days repurchase agreement operation at an interest rate of 6.25% a year, equal to the m...
Generali Pensii To Take Over OTP Strateg From Onix Asigurari
Romanian pension fund administrator Generali Pensii will take over the voluntary pension fund OTP Strateg from Onix Asigurari (formerly OTP Asigurari), after the Private Pension System Super...
Aegon Poland To Open Branch In Romania, Merge With Local Aegon Asigurari de Viata
The Polish subsidiary of Dutch insurance group Aegon will open a branch in Romania, which will merge with local life insurer Aegon Asigurari de Viata, the insurer said in a press release Tue...
Raiffeisen Plans To Grant EUR115m Worth Of First Home 4 Loans
Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme.
CEC Spent EUR6.8m On Management Salaries In 2010
State-owned CEC Bank spent 28.8 million lei (EUR6.8 million) on management salaries last year, an increase of 36.5% on 2009.
Fitch Ups Metropolitan Area Of Oradea Outlook To Positive
Fitch Ratings on Monday revised upward the Romanian metropolitan area of Oradea’s outlook to positive from stable, citing overall improvement following the financial crisis and economic revi...