Banks-Insurance
Leu Ends Weaker Vs Euro, In Quiet Market
The Romanian leu registered some minor oscillation in late trade Thursday, closing slightly weaker versus the euro, on low traded volumes.
Bank Leumi Romania Switches To RON2.3M Loss In 1Q
Israeli Bank Leumi Thursday reported a loss of 2.3 million lei ($800,000) at its Romanian subsidiary, due to higher provisions, according to the bank’s financial report.
Romania’s Loans-to-GDP Ratio Lowest In CEE – Fitch
Romania ranks last based on lending and asset quality among twelve emerging countries in Central and Eastern Europe, according to a Fitch Ratings survey released Thursday.
Volksbank Romania Pumps EUR3M In Network Upgrades, Says Here To Stay
Volksbank Romania will invest over EUR3 million in network upgrades in 2011, as part of a wider strategy tweaking to restart growth, deputy president Lucian Cojocaru said Thursday.
Romania Registers EUR7B MTN Program In Luxembourg
Romania has registered its euro medium-term financing program (EMTN – Euro Medium Term Note), worth up to EUR7 billion, with the Luxembourg stock exchange. Next Monday will see the start in...
Euribor Rise Starting To Affect Borrowers In Euros
Holders of euro-denominated loans should prepare to pay higher installments because this month most banks will reset interests on loans whose cost is tied to the Euribor indicator, which has...
Renaissance Capital Appoints New CEE Financial Division Chief
Investment bank Renaissance Capital appointed Morgan Stanley former regional manager Bogdan Ciobotariu as head of the financial division for Central and Eastern Europe.
Romania's Forex Reserves Rise To EUR32.7B In May
Romanian foreign exchange reserves rose to EUR32.7 billion in May from EUR32.07 billion a month earlier, central bank data showed Wednesday.
Leu In Ranges Vs Euro, Exchange Rate At 4.1297
Romania’s leu traded in ranges against the euro in mid session Wednesday, while the central bank’s reference weakened 0.2% to 4.1297 units, from 4.1208 units a day earlier.