Banks-Insurance
After Monday’s Peak, The Euro Lost Ground
The exchange rate fluctuations over the past week, with the leu losing over 2% against the euro, broke the relative stability to which bankers, as well as clients with foreign currency loans...
Greek Banks Offer High Interests On Deposits Again
Greek-controlled banks have returned with generous offers for deposits, paying interests of over 8% a year on leu-denominated deposits and of 4% a year on euro deposits. This is the first vi...
Petculescu, Bancpost: Bankers Only Pretend To Lend By Stealing Clients From One Another
Bankers now only pretend to grant loans, by fighting to take clients from one another, says Elena Petculescu, honorary president of Bancpost. “I am very happy that we ourselves get new clien...
Leu Closes Slightly Up Vs Euro, Attuned To Region
Romania’s leu strengthened meagerly versus the euro Tuesday, tracking the currencies in the region, and closed just shy of 4.24 units as investors still wait for a resolution regarding Greec...
Leu Gains Vs Euro, Exchange Rate At 4.241
Romania’s leu gained modestly against the euro in mid trade Tuesday and the central bank’s reference strengthened 0.5% at 4.241 units, from 4.2635 units a day earlier.
Leu Slightly Higher Vs Euro In Early Trade
The Romanian leu edged higher against the euro Tuesday morning, recovering part of yesterday’s losses due to concern over Greece’s debt.
Parliament To Decide Who Gets EUR2B Job Today
The Parliament has a session scheduled for 4 pm today during which it will hear the future management of the Insurance Supervisory Commission (CSA), the institution regulating a EUR2 billion...
Bankers On BNR's New Restrictions: We Need Low Interests On Leu Loans, Not Regulations
The current anomalies of the retail lending market have been generated by regulations imposed by the National Bank of Romania, or BNR, at some point, as solutions to certain situations, but...
PwC Romania Appoints New Assurance Leader
Tax and audit firm PricewaterhouseCoopers Romania appointed John Webster as new Assurance leader for Romania and South Eastern Europe, effective July 1, the firm said in a statement Monday.