Banks-Insurance
Leu Firms Vs Euro On Higher Volumes
Romania’s leu firmed against the euro Tuesday, unlike its peers in the region, and closed 0.4% higher at 4.178/4.1805 units, amid growing volumes.
Provident Financial Romania Issued Loans Worth EUR200M In Five Years
Consumer lender Provident Financial on Tuesday said it has issued loans worth over EUR200 million in its five years of activity in Romania, serving more than 400,000 clients.
Overnight Deposits At BNR Rise To RON45.6B In June
Overnight deposits at Romania’s central bank BNR reached a combined amount of 45.6 billion lei (EUR11 billion) in June, up 14.6% on the month, central bank data showed Tuesday.
Overdue Loan Payments Up 42% On Year To RON17.5B In May
Romanian overdue payments on loans worth at least 20,000 lei (around EUR4,800) rose to RON17.47 billion in May, 42% higher on the year, central bank data showed Friday.
Erste: Greek Capital Withdrawals To Have Limited Impact On Romanian Economy
Romanian economy is unlikely to experience a setback following potential capital withdrawals from Greek lenders, as investors would step in to cover the gap, a survey from Austria’s Erste Gr...
Allianz-Tiriac Asigurari Names COO, CFO
Romanian insurer Allianz-Tiriac Asigurari on Tuesday said it has appointed Daniela Grigore as chief operational officer and Cristian Ionescu as chief financial officer starting July 1.
Leu Exchange Rate Hits 3-Week High Vs Euro At 4.1817
Romania’s leu widened early gains versus the euro in mid trade Tuesday, amid a positive sentiment after Fitch Ratings upgraded the country to investment grade, and the central bank’s referen...
BNR Investments Focused Mainly On Government Bonds In 2010
Romania's central bank BNR invested mostly in government bonds in 2010, as its investment policy focused on limiting exposure to private lenders, therefore revenue from administration of the...
Leu Continues To Strengthen Vs Euro After Rating Upgrade
The Romanian leu opened stronger versus the euro Tuesday, continuing the trend in late trade Monday after Fitch announced an upgrade in Romania’s rating to investment grade.