Banks-Insurance
Leu Falls Vs Euro On Negative Sentiment
Romania’s leu depreciated against the euro Monday, in line with the currencies in the region, and closed almost 0.6% weaker on the day at 4.234/4.235 units.
Romania Sells RON900M 1-Year T-Bills At 6.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 900 million lei (EUR213 million) in one-year treasury bills, at an average yield of 6.19% a year, lower than at the previous auction.
EximBank 1H Pretax Profit Rises 80% To RON45M
Romania’s state-run lender EximBank Monday said its pretax profit rose 80% to around 45 million lei (EUR10 million) in the first half of the year, fueled by improved performance and lower co...
Leu Touches New Low Against Swiss Franc At 3.5472
Romania’s leu widened early losses against major currencies in mid trade Monday, amid a negative sentiment in the international markets, and the indicative versus the Swiss franc fell to 3.5...
Leu Down Vs Euro In Early Trade, Attuned To Region
Romania’s leu edged down against the euro in early trade Monday, amid a negative sentiment in the region following fears that Italy’s massive public debt could add to the European crisis.
Inflation Unexpectedly Falls Below 8% In June, On Lower Food Prices
Romanian consumer prices fell 0.29% in June from a month earlier, pushed down by cheaper food items, while the annual inflation eased to an unexpected 7.93%, the country’s statistics institu...
INS: Romania Trade Deficit Narrows To EUR3.64B In Jan-May
Romania’s trade deficit narrowed to EUR3.64 billion in the first five months of 2011, from EUR3.93 billion in the year-earlier period, the country’s statistics institute INS said Monday.
Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them
The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the...
Overdue Swiss Franc Loans Double In One Year
With the Swiss franc at an all-time high against the leu, bankers can do nothing but sit and watch the overdue loans rise fast. After the franc has gone up 60% against the leu since the begi...