Banks-Insurance
UniCredit: EUR1B Structural Funds Still Available For Private Projects
Romanian companies have already depleted over two thirds of the European structural funds that target the private sector, with up to EUR1 billion remaining by the end of the allocation perio...
BNR: Loan Payments Overdue By Over 90 Days Hit New High In May
Loan payments overdue by more than 90 days rose 4% on the month to a fresh record high of 4.5 billion lei (EUR1.06 billion) in May, central bank data showed Monday.
Mechel Targoviste To Take Bank Loans Worth A Total EUR100M
Steel maker Mechel Targoviste (COS.RO) on Monday said it will contract two loans, worth EUR50 million each, from ING Bank and UniCredit Tiriac Bank, in association with three firms from the...
Private Lending Up 3.2% On Month To RON213.6B In June
Romanian private lending rose 3.2% in real terms to 213.6 billion lei (EUR50.5 billion) in June from a month earlier, largely fueled by growing foreign currency loans, central bank data show...
Mihaescu, IFC: Key Question Is Whether Restructured Loans Will Perform
Non-performing loans have started to flatten or even decline at certain banks in the last two or three quarters, but it remains to be seen if the restructured loans perform and if the slight...
Fitch Affirms Romania’s Banca Transilvania, UniCredit Tiriac Bank And ProCredit Bank
Fitch Ratings has affirmed its rating on Romanian lenders Banca Transilvania (TLV.RO), UniCredit Tiriac Bank and ProCredit Bank Romania, the agency said in a statement Friday.
Leu Loses Ground Vs Euro After Failed Petrom Sale
Romania’s leu lost part of its earlier gains versus the euro in late trade Friday, after the state failed to sell a 9.84% stake in oil company OMV Petrom (SNP.RO), due to weak demand.
Leu Widens Gains Vs Euro, Exchange Rate At 4.2233
Romania’s leu extended early gains versus the euro by mid-trade Friday and the central bank’s reference strengthened 0.5% to 4.2233 units, from 4.2454 units a day earlier.
Fitch: Romanian NPLs Poised To Peak By Year-End
Romanian non-performing loans are likely to peak to around 14% to 16% of total loans by year-end, from 13% of total in April, a report from Fitch Ratings showed Thursday.