Banks-Insurance
Leu Opens Weak Vs Euro, On Negative Sentiment
The Romanian leu opened weaker versus the euro Monday, in line with other currencies in the region, on Greece-related negative sentiment.
SocGen And Erste Collect EUR1.1M Fee After Romania's EUR1.5B Bond Issue
Societe Generale and Erste Group, the two banks hired as lead managers of the EUR1.5 billion bond issue launched by Romania a week ago on international markets, collected a fee of 0.075% of...
Foreign Currency Borrowers - From Yesterday's Dream To Today's Nightmare
Clients with high incomes, wooed by bankers during the boom years with high foreign currency loans and installments as high as three quarters of their salaries at times, are now giving banke...
Leu Edges Up Vs Euro Amid Positive Sentiment
Romania’s leu gained modestly against the euro Friday, amid a positive sentiment in the region after Germany and Greece reached an agreement on giving more help to troubled Greece.
Ghetea: Limiting Forex Loans Should Be Up To Banks
Foreign currency lending should not be regulated by central bank’s decision and any possible restrictions should be the prerogative of every lender, the head of Romanian Banking Association...
BNR Plans To Cap Consumer Loan Maturity At 5 Years
Romanian banks may have to reduce the maturity of consumer loans to five years from 20 currently, while extending minimum guarantees to 133% of the loan’s value, according to a draft regulat...
Romania Adds US Dollar Bonds To Its EUR7B MTN Program
Romania's Finance Ministry will be able to sell US dollar-denominated bonds on international markets in four to five months, following an upgrade process of its medium-term notes (MTN) progr...
Leu Hits New Record Low Vs Swiss Franc
Romania’s leu partly recovered early losses against the euro in mid trade Friday, but the central bank’s reference weakened nearly 0.5% on the day at 4.2291 units, the lowest rate in almost...
CEC Bank VP’s Mandate Expires, Finance Ministry Won’t Renew It
The Romanian Finance Ministry decided not to renew the mandate of Mirela Iovu as vice-president of CEC Bank, people close to the matter told MEDIAFAX.