Banks-Insurance
Leu Strenghtens Vs Euro, Amid Market Apathy
The Romanian leu gained slightly against the euro in early trade Friday, amid market apathy, in sync with other currencies in the region.
World Bank Lends Romania EUR500M For Social Assistance Reforms
The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion.
Banca Romaneasca Expects Loss Of RON86M In 2011
Banca Romaneasca, the local subsidiary of Greek financial group National Bank of Greece, forecasts a net loss of 86.3 million lei (over EUR20 million) in 2011 according to Romanian accountin...
If Necessary, BNR Could Use Greek Banks' Properties As Loan Guarantees
The Romanian central bank, or BNR, has tools to intervene if crisis scenarios prompted by the situation in Greece become a reality on the Romanian banking market, starting from the bilateral...
BRD: Only Promotions Keep Retail Banking In Motion
Lending demand is still frail, as clients are still coping with uncertainty in terms of their income and jobs, and just the promotional campaigns manage to boost sales, says Adrian Jantea, r...
NBG Switches To EUR1M First-Quarter Loss In Romania
The National Bank of Greece (NBG) Thursday said it has switched to first-quarter loss of EUR1 million on the Romanian market, from net profit of EUR12 million in the year-earlier period, hur...
Marfin Bank Posts EUR1M Loss In Romania In First Quarter
Cyprus' second largest lender Marfin Bank Thursday said it has switched to first-quarter loss of EUR1 million in Romania, from net profit of EUR300,000 a year earlier, on lower revenues.
BCR Sold 165 Kilograms Of Gold In January To May
Romania’s top lender BCR has sold 165 kilograms of physical gold in January to May, above the amount sold in the whole of 2010, retail treasury chief Razvan Furtuna said Thursday.
BNR: Overdue Loans Up 1.4% To RON18B In April
Romanian overdue private loans rose 1.4% on the month to 18.04 billion lei (EUR4.36 billion) in April, equal to 8.75% of the total lending, central bank data showed Thursday.