Banks-Insurance
E&Y Appoints New Managing Partner For Romania, Moldova
Accounting firm Ernst & Young has appointed Bogdan Ion as new managing partner for Romania and Moldova.
Bancpost Plans More Staff Cuts After Q1 Loss
Romania’s ninth-largest bank by assets Bancpost, controlled by Greek financial group Eurobank EFG, is readying new cost cut measures, including personnel layoffs, following a loss of EUR1 mi...
Why Hungary’s MKB Wants To Sell Romexterra
Assets halving to 1.6 billion lei (about EUR388 million), a 76% rise in provisions for non-performing loans, a 23% personnel cut, the deterioration of the cost/income ratio to over 75% and l...
Romania Plans To Sell RON4.3B Treasuries In June
Romania’s Finance Ministry plans to sell state paper worth 4.3 billion lei (EUR1.04 billion) in June, down from roughly RON5 billion sold a month earlier, ministry data showed Monday.
Leu Firms Vs Euro, Exchange Rate At 4.1207
Romania’s leu consolidated early gains versus the euro by mid-trade Monday and the central bank’s reference strengthened to 4.1207 units, from 4.1315 units in the previous session.
City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
Bankrupt shopping center City Mall Bucharest will be put on sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 mil...
Leu Opens Stronger Vs Euro, In Quiet Market
The Romanian leu opened Monday slightly stronger against the euro, amid market apathy, while the other currencies in the region were holding their ground.
Erste Plans EUR600M Funding Of Romanian Infrastructure Works
Erste Group, owner of Romanian bank BCR, issued financing worth EUR300 million for infrastructure projects so far in Romania, and it expects to double this value within the next year and a h...
Unicredit: Leu Consumer Loans Market Is Shaping Up
The rising euro financing costs, particularly for consumer loans, will spur the shaping up of a market of consumer loans in lei, says Rasvan Radu, executive vice-president with UniCredit Tir...