Banks-Insurance
Bucharest Court Clears Banca Transilvania Management Of Insider Trading Charges
The Bucharest Court on Monday acquitted the management of Banca Transilvania (TLV.RO), clearing it of insider trading charges in a case regarding trades with the bank's stock, which allegedl...
Leu Widens Gains Vs Euro, Exchange Rate At 4.2217
Romania’s leu extended early gains versus the euro by mid-trade Monday and the central bank’s reference strengthened nearly 0.5% at 4.2217 units, from 4.2419 units in the previous session.
Isarescu: Target2 Brings Romania Closer To Euro Adoption
Romania has taken yet another step toward implementing the European single currency by officially joining the EU’s Target2 real-time gross settlement system, central bank governor Mugur Isar...
ProCredit Bank Increases Capital To RON152.8M
ProCredit Bank Romania has increased its share capital by around 12.5 million lei (EUR3 million) to RON152.8 million, the lender said in a statement Monday.
Major Foreign Banks Still At 97% Of Their March 2009 Romanian Exposure Level
The nine largest foreign banking groups that undertook to maintain support for their subsidiaries in Romania as part of the “Vienna initiative” in May 2009 are now at 97% of their aggregate...
Credit Cards Lose Spotlight To Refinancing
Credit cards, aggressively promoted by banks over the past two years, have been moved to the sidelines by bankers, who now are now relying on clients’ appetite for consumer loans or refinanc...
Payment Spike For Finance Ministry: Banks Are Due To Receive EUR2.6B
The Finance Ministry will face public debt payment spike of about EUR2.6 billion this month because a EUR1.2 billion club loan taken out from local banks in 2009 matures on July 23, and a eu...
Government To Focus On New SME Support Program – PM
Romanian Prime Minister Emil Boc on Saturday said the Government will focus in the upcoming period on implementing a new program to support small and medium-sized businesses.
Axa To Support Romanian Subsidiary With Investments For At Least Five Years
Romania will see the biggest development of the insurance market among Eastern European countries in the next few years, considering the low share to GDP of the insurance market and the fact...