Banks-Insurance
Leu Exchange Rate Hits New 3-Month Low At 4.1756 Vs Euro
Romania’s leu partly recovered early losses against the euro by mid-trade Wednesday, while the central bank’s reference fell to a fresh three-month low at 4.1756 units, from 4.1732 units a d...
BCR: Banks Need To Go Deeper Into Personalized Pricing To Revive Retail Line
Competition on the retail segment is tightening as consumer sentiment improves and banks need to better divide their clients into segments and slash costs to be able to gain new business, be...
UniCredit Tiriac Bank Moves To Bigger Building
UniCredit Tiriac Bank, controlled by Italy’s UniCredit Group, is set to move its central office into a new 15-floor building on Expozitiei Boulevard nearby the World Trade Center in the firs...
Life Insurers Have Moderate Expectations: 5% Market Growth
Romanian life insurance companies’ share could go up to 22% of the total insurance market in 2011. This is still lower than in neighboring countries.
Leu Ends Slightly Lower Vs Euro In Quiet Market
Romania’s leu retreated slightly against the euro amid a quiet session Tuesday, and closed 0.2% weaker on the day at 4.171/4.173 units.
Popa, BNR: Stronger Swiss Franc Unlikely To Push NPLs Higher
Romanian banking sector is not likely to experience a substantial increase in non-performing loans following the leu’s depreciation against the Swiss franc, central bank deputy governor Cris...
Greece’s Rating Cut Won’t Affect Leu Much - BNR Deputy Governor
The Romanian leu will not come under serious pressure after Standard & Poor’s cut Greece to the world’s lowest debt grade, but spillovers from the financially-troubled nation are not entirel...
BCR Lends Posta Romana RON40M For Working Capital
Postal company Posta Romana Tuesday said will borrow 40 million lei (EUR23.1 million) from lender Banca Comerciala Romana, or BCR, to help finance working capital.
Central Bank Says Leu Trades At Fair Value Vs Euro
The leu is “fairly” valued against the euro, central bank deputy governor Cristian Popa said Tuesday, dismissing recent market talk about the currency’s overvaluation.