Banks-Insurance
BNR: Banking System Net Profit Falls To RON95M In Q2
Romanian banks reported combined net profit of 95.4 million lei (EUR22.4 million) in the second quarter, down from RON313 million a quarter earlier, central bank data showed Tuesday.
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu firmed versus the euro Tuesday, tracking the currencies in the region, and closed 0.2% stronger on the day, amid a quiet market.
Aviva Asigurari de Viata 2010 Loss Widens 48% To RON19.9M
Romanian insurer Aviva Asigurari de Viata's losses widened last year by 48%, to 19.91 million lei (EUR4.67 million), as it sold 80.3% fewer policies at 25,274 units, and underwritten premium...
Bucharest Radisson Hotel Owner Borrows EUR71.5M From Raiffeisen Bank
Romanian hotel operator Bucuresti Turism (BUTU.RO), which owns Bucharest hotels Radisson Blu and Centre Ville, Tuesday said it will open credit worth EUR71.5 million at Raiffeisen Bank Inter...
Romanian Bank Deposit Guarantee Fund Liquidities Rise To RON2.1B In 1H
Romanian Bank Deposit Guarantee Fund (FGDB) Tuesday reported overall liquidities of 2.1 billion lei (EUR493 million) at the end of June, up by RON400 million from December 2010.
Leu Up Vs Euro, Exchange Rate At 4.256
Romania’s leu extended early gains versus the euro in mid trade Tuesday and the central bank’s reference advanced nearly 0.3% at 4.256 units, from 4.2685 units a day earlier.
Libra Bank Posts RON9.15M Net Profit In 1H
Romanian Libra Bank posted a net profit of 9.15 million lei (EUR2.1 million) in the first half of this year, compared to RON251,196 in the same interval of 2010, the lender said Tuesday.
Leu Opens Flat Vs Euro, Strengthens In Early Trade
The Romanian leu opened flat against the euro Tuesday, and started strengthening in early session, as players are confident EU leaders will set a clear agenda to bail out Greece.
Volksbank Head: We Won’t Resume Loan Sales Aggressively
Austrian-owned Volksbank, which ranks eighth by assets in Romania, wants to gradually resume retail lending, frozen over the past two years, but its officials say it will focus more on trans...