Banks-Insurance
Employee Numbers In Romanian Insurance Industry Down 7.1% In 2010, To 19,060 - CSA
Romanian insurance and brokerage companies employed a total 19,058 people at the end of last year, down 7.1% compared to the end of 2009, according to a report of the Romanian insurance regu...
Leu Hangs On Morning Gains, Exchange Rate At 4.243 Vs Euro
The Romanian leu preserved its early gains versus the euro by mid trade Wednesday and the central bank’s reference strengthened 0.3% to 4.243 units, from 4.256 units a day earlier.
Calipso Oradea Borrows EUR5.5M For Romania’s First DoubleTree Hotel
The shareholders of Romanian Calipso Oradea, which will open a DoubleTree by Hilton hotel this year, approved the contracting of two investment loans worth 4.3 million lei (EUR1 million) and...
Intesa Sanpaolo Bank Romania Appoints New CEO
Intesa Sanpaolo Bank Romania on Wednesday said it has appointed Ezio Salvai as chief executive officer, replacing Nicola Calabro who was transferred to another bank within the group.
CSA: Romanian Insurance Industry Loss Down 60% In 2010, To RON41.4M
The Romanian insurance industry lowered its net loss last year by nearly 60%, to 41.37 million lei (about EUR10 million), according to the annual report of the country’s insurance watchdog C...
Leu Opens Up Vs Euro, Mirroring Neighbors
The leu opened higher against the euro Wednesday, amid a positive sentiment in the region as euro zone ministers are expected to agree on a favorable solution for the Greek debt crisis.
BCR Ends Mortgage Promotion, Signals Time For More Expensive Loans
Banca Comerciala Romana (BCR), Romania’s largest bank by assets, has raised mortgage loan interest rates after a promotional campaign that lasted for one month and a half expired at the end...
Austrian Banks Have Highest Exposure To Romania
Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market.
ING Aims To Boost Assets By 25% In First Year After Recession
ING Bank, the tenth largest bank on the market in 2010, increased its assets by 10% in the first five months of this year and plans to have the full-year increase reach 25%.