Banks-Insurance
Raiffeisen Bank Posts Halved 1Q Profit In Romania, At EUR16M
Raiffeisen Bank International posted a profit after tax of EUR16 million in Romania in the first quarter, down 56% from EUR37 million in the same period a year ago, mainly because of lowered...
Leu Opens Flat Vs Euro, Strengthens Early
The Romanian leu opened Thursday flat versus the euro, but it started strengthening early in the session, while volumes remained low in a quiet market.
Retail Promotions, Corporate Funding Set Private Lending Moving In April
April finally brought good news for bankers and not only for them: private lending posted the first increase this year, even though tentative as it was, owing to promotions for consumer loan...
CSA: Several Top Insurers Want To Enter Romanian Market Lured By Growth Potential
Several top insurers, including some European Union-based companies, want to enter the Romanian market enticed by the low penetration rate and the high growth potential, insurer regulator CS...
EFG Eurobank Posts EUR1.1M Loss In Romania In 1Q
Greek group EFG Eurobank on Wednesday reported a first quarter loss of EUR1.1 million in Romania, compared to EUR2.1 million profit in the same interval last year.
ATEbank To Sell Majority Stake In Romanian Branch
Greek state-owned group ATEbank wants to sell the majority stake in ATEbank Romania, as part of a restructuring plan compiled and unfolded in compliance with European Union regulations.
Romania’s Budget Posts RON829M Surplus In April
Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed t...
Leu Falls Vs Euro, Attuned To Region
Romania’s leu weakened against the euro Wednesday, mirroring the currencies in the region, and closed at 4.132/4.135 units, from 4.121/4.123 units in the previous session.
Coman, ING: Life Insurance, Still “Exotic Realm” For Romanians
Life insurance is an “exotic realm” for Romanians due to their low income and job insecurity, although people realize the importance of this type of insurance and of saving money for retirem...