Banks-Insurance
JP Morgan: BNR Has The Power To Save Greek Banks. It Won't Be Necessary, Says BNR
Romania's banking system would still be standing even in a worst-case scenario, where Greek banks were so seriously crippled by the financial crisis that they would be forced to give up thei...
Leu Recovers Ground Lost Earlier, Closes Flat Vs Euro
The Romanian leu closed Thursday close to the levels seen at opening, recovering the ground lost mid-session, based on euro sales by foreign players.
Cristian Constantinescu Steps Down From UNSAR After Nomination To Chair CSA
Cristian Constantinescu, head of Romanian insurers' association UNSAR, will step down on July 1, in light of his nomination as president of insurance regulator CSA.
Romania Sells RON293.8M 10-Year Bonds At 7.47% Average Yield
Romania’s Finance Ministry Thursday sold a lower-than-planned 293.8 million lei (EUR69.5 million) in 10-year treasury bonds, while the average yield was at 7.47% on the year, slightly higher...
BCR Sees Mortgage Loans Up 10%-15% In 2011
Romanian lender BCR expects its mortgage loan portfolio will increase by 10%-15% this year compared to 2010, bank official Stefan Coroianu said Thursday.
Leu Exchange Rate Gains 0.5% To 4.2294 Vs Euro
The Romanian leu erased part of the early gains in mid-trade Thursday, but it still was stronger than at the same time in the previous session, and the central bank set the reference rate at...
Leu Opens Flat Vs Euro, In Line With Peers
The Romanian leu opened Thursday almost flat against the euro, following the trend of the other currencies in the region.
Mandatory Private Pension Funds' Deposits Climb To EUR86M In May
Bank deposits of mandatory private pension funds (Pillar II) went up 61% in the last two months, to 367 million lei (EUR86 million) at the end of May, with fund managers preferring to place...
Short-Term Foreign Debt Swelling Again
The short-term foreign debt (the amounts borrowed from abroad by the state, banks and private companies that need to be paid back over the next 12 months), which was the main vulnerability t...