Banks-Insurance
Analysts Recommend Leu Investments, Despite Greek-Fueled Pressures
Events in Greece, a country which European leaders are struggling to save from bankruptcy, are moving the leu/euro exchange rate quite strongly.
Cristian Constantinescu Negotiates Sale Of His Stake In Allianz-Tiriac With Ion Tiriac
Cristian Constantinescu, one of the most respected insurance experts, endorsed by the ruling Democratic Liberal Party for the position of chairman of insurance regulator CSA this autumn, is...
Companies Deposit Their Money With Foreign Banks’ Branches
Companies increased their foreign currency-denominated deposits with foreign banks’ branches by 1.6 billion lei (EUR0.38 billion) in the first quarter, while most lenders operating with Roma...
Fondul Proprietatea Moves EUR4B Wealth From Bancpost To ING
Franklin Templeton replaced Bancpost, a bank controlled by Greece’s EFG Eurobank, after a three years’ mandate as a depositary and custodian of the 16.4 billion lei (EUR3.89 billion) assets...
Leu Closes Stronger Vs Euro In Quiet Market
The Romanian leu closed Friday stronger against the euro, after a lackluster session marked by low volumes and insignificant changes.
Axa Life Insurance Adds RON28.7M To Share Capital
Axa Life Insurance, part of French group Axa, increased its share capital by 28.7 million lei (EUR6.8 million), to RON80.5 million, by cash contribution from shareholders, according to data...
Astra Asigurari Sells 16% Stake In Generali Romania For EUR24M
Insurer Astra Asigurari sold the 16.03% stake it held in Generali Romania to Italian group Generali, for some EUR24 million, people close to the matter told MEDIAFAX.
Leu Gains Vs Euro, Falls Vs Swiss Franc
The Romanian leu extended early gains in mid-trade Friday, following the regional trend, and the central bank computed a reference rate of 4.216 units, 0.3% stronger from 4.2294 units in the...
Leu Strengthens In Early Trade, On Good News From Greece
The Romanian leu opened slightly weaker against the euro Friday, but strengthened soon after on news the European leaders have pledged to save Greece from default.