Banks-Insurance
How Bankers Came To Collect Loan Installments For Rivals
Something that seemed inconceivable during boom years, namely for a bank to collect the installments for the loans that one of its peers sold, as it does for an utility, now comes as a natur...
Leu Recovers Vs Euro, Central Bank Intervention Suspected
The Romanian leu recouped early losses against the euro in late trade Wednesday and closed below 4.23 units, with dealers suspecting central bank’s intervention to support the national curre...
EBRD, IFC Provide EUR115M Loan For EDP's Wind Projects In Cernavoda
The European Bank for Reconstruction and Development (EBRD) and IFC, a member of the World Bank Group, will provide total financing of EUR114.8 million to Cernavoda Power for the constructio...
Dan Adamescu Buys Uniqa's 27% Stake In Insurer Astra For RON106M
Austrian insurer Uniqa on Wednesday sold its 27% stake in Astra (ATRA.RO) to the latter’s majority holder, Dan Adamescu, for 106 million lei (EUR24.9 million).
Rulmenti Barlad To Borrow EUR5M From UniCredit Tiriac
The shareholders of Romanian ball bearing maker Rulmenti Barlad (RBL.RO) recently approved the contracting of a EUR5 million loan from UniCredit Tiriac.
Groupama Asigurari Raises Share Capital By RON50M, To RON1.17B
Romanian insurer Groupama Asigurari increased its share capital by 50 million lei (EUR11.76 million), to RON1.17 billion, through cash contribution by shareholders, according to a company an...
Leu Widens Loss Vs Euro, Exchange Rate At 4.2517
Romania’s leu extended early losses versus the euro in mid trade Wednesday and the central bank’s reference weakened 0.25% at 4.2517 units, from 4.241 units a day earlier.
Raiffeisen Says Retail Loan Growth Sluggish
Romanian household lending has limited growth potential as demand is expected to remain subdued for another two to three years, said Ionut Dumitru, chief economist at Raiffeisen Bank Romania...
Leu Edges Down Vs Euro In Early Trade
Romania’s leu traded near 4.24 per euro Wednesday morning, mirroring the currencies in the region, which were rather unmoved by news that the Greek government survived a no-confidence vote,...