Banks-Insurance
Aviva Thinking Of Leaving Romania
British group Aviva is looking for a buyer for its Romanian operations, after the country was left out of the list of strategic markets the insurer intends to focus on, market sources say.
Analysts Believe The Economy Slowed Down In Q2 Against Q1, Despite Positive News In May
The economy is expected to slow down in the second quarter against the first quarter, despite good news on May performance, say analysts.
Bankers Keep Money With BNR At 2.25% Interest, While Private Lending Declines
Bankers placed an average of 2 billion lei (equivalent to half a billion euros) in each working day in June in the overnight deposit facility of the central bank (BNR), for which they get an...
Leu Falls Vs Euro On Higher FX Demand
Romania’s leu weakened against the euro Wednesday, pushed down by growing demand for foreign currency, and closed at 4.2105/4.212 units, from 4.178/4.1805 units a day earlier.
OTP Bank Says No Deal On RBS Bank Romania Takeover
Hungary’s largest lender OTP Bank has given up plans to buy RBS Bank Romania as no agreement was reached on the price, OTP’s deputy manager Antal Pongracz said Wednesday.
Leu Widens Loss Vs Euro, Exchange Rate At 4.2022
Romania’s leu extended early losses against the euro in mid trade Wednesday and the central bank’s reference weakened nearly 0.5% to 4.2022 units, from 4.1817 units a day earlier.
Leu Opens Down Vs Euro, Attuned To Region
The Romanian leu edged lower against the euro Wednesday morning, amid a negative sentiment in the region after Moody’s cut Portugal’s rating to “junk,” warning the country may need more inte...
Finance Ministry Has To Pay Back EUR9.8B As Part Of The Loan Meant To “Stabilize” Romania
The huge EUR20 billion loan taken out by Romania in 2009 from the International Monetary Fund (IMF), the European Commission and the World Bank – first as a “safety net”, but which soon beca...
Raiffeisen: Banking Sector’s Retail Network Is No Longer Justified
An increasingly pressing question for the banking sector is the fate of the over 6,000 branches still open despite the very low demand for loans, and consolidation will be inevitable, says S...