Banks-Insurance
ING Bank Plans To Move Central HQ To New Location In Bucharest
ING Bank Romania is under negotiations to move its central headquarters in Bucharest to a new location, after 17 years of using a historic building that has become too confined.
Isarescu Says Banks Should Focus More On Corporate Loans
Romanian banks should focus more on corporate loans, as consumer lending nears saturation point, central bank governor Mugur Isarescu said Thursday.
Leu Exchange Rate At 4.2088 Vs Euro; Falls To All-Time Low Vs Swiss Franc
Romania’s leu extended early losses against the euro in mid trade Thursday and the central bank’s reference weakened 0.8% to 4.2088 units, the lowest rate since March.
Leu Opens Weaker Vs Euro On Greece Woes
The Romanian leu opened visibly weaker against the euro Thursday, on a negative international sentiment amid the Greek debt crisis.
Banks Extend Promotional Lending Offers Over Summer
Banks are toughening the fight over loan refinancing, the only segment that seems to have a growth potential amid lingering market uncertainty. Back in the spring, however, they said this “w...
Private Pension Funds' Net Assets Up 2.4% In May, To RON5.56B
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 5.56 billion lei (about EUR1.3 billion) at the end of May, up 2.4% fr...
Leu Dips Vs Euro In Sleepy Session
Romania’s leu retreated modestly against the euro Wednesday and closed near 4.175 units, in an uneventful session.
Lower Fees For Euro Payments As Romanian Central Bank Joins Target2
The Romanian central bank will join Europe’s Target2 real-time gross settlement system on July 4, a bank official said Wednesday, mentioning that 22 local lenders have already signed up to p...
Romania To Guarantee Loans For SMEs In Trouble - Draft
The Romanian state will guarantee 80% of the value of loans taken out by SMEs and will subsidize up to 50% the interest on the loans contracted to help firms cope with problems caused by the...