Banks-Insurance
Isarescu Warns Bankers That A World Full Of Restrictions And Rules Will Follow
Central bank governor Mugur Isarescu on Thursday for the first time publicly warned bankers that a long period of restrictions would follow in the banking business, more specifically as far...
Finance Ministry Plans To Sell RON4B Treasuries In July
The Finance Ministry plans to sell state paper worth 4 billion lei (EUR967 million) in July, up from RON3.7 billion sold a month earlier, ministry data showed Thursday.
Isarescu: Steady Key Rate To Steer Inflation Toward Target
The central bank’s decision not to modify its main interest rate will help steer inflation toward the year-end target over the following period, governor Mugur Isarescu said Thursday.
Almost 6 Million Homeowners Risk Fines Unless They Insure Homes By July 15
Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei.
Highest Publicly-Disclosed Salaries
The highest salary in Romania for which there are official documents providing the name of the earner, is that of Ionut Costea, president of Eximbank, who in 2009 earned EUR27,000 per month....
Today It’s Cheaper To Buy A Bank Than To Grow Organically - OTP Boss
It has become cheaper for a banking group looking to consolidate its presence on the market to buy a bank rather than invest in organic growth, says Laszlo Diosi, head of OTP Bank, the domes...
Romania May Overdue Forex Loans Up 4.7% To RON10.1B
Overdue private loans in foreign currency increased by 4.7% in May, while overdue loans in local currency inched up 0.4%, according to data published by the central bank Wednesday.
SMEs May Borrow Up To RON125,000 With State Guarantee, Subsidized Interest
Romanian small and medium enterprises may take out loans of up to 125,000 lei (EUR30,000), partially guaranteed and subsidized by the state, in order to cope with the problems caused by the...
BNP Paribas, OTP And Two Investment Funds In The Race For RBS
RBS Bank Romania, the local subsidiary of the Royal Bank of Scotland put up for sale as part of the reorganization plan of the British group shaken by the losses of the last few years, could...