Banks-Insurance
BNR Supervisory Head Says No Withdrawals From Greek Banks
Greek banks, which control 17% of Romanian banking assets, have not withdrawn financing lines from local subsidiaries ahead of time so far, central bank officials said.
Leu's Appreciation In April Brought Higher Volume Of Interbank Transactions
The appreciation of the Romanian leu in April, when the local currency hit the year's peak against the euro, has rekindled interest from foreign players for investments in lei, and this was...
Promotional Offers Fail To Thaw Consumer Loans In April
The wave of promotional offers for consumer loans that bankers brought to the market this spring has failed to persuade clients to borrow more, with sales continuing to be below the volume o...
Alpha Bank Switches To 1Q EUR5.7M Loss In Romania
Greece’s Alpha Bank Tuesday said it has switched to pretax losses of EUR5.7 million in the first quarter, from pretax profit of EUR8.1 million in the year-earlier period, due to higher provi...
Fitch Raises Individual Ratings Of Erste, Raiffeisen Bank International, UniCredit Bank Austria
Fitch Ratings Tuesday affirmed Erste Group Bank AG's (EBS.RO), Raiffeisen Bank International AG's, UniCredit Bank Austria AG's and Volksbanken Verbund's long-term issuer default ratings (IDR...
Leu Ends Flat Vs Euro In Quiet Market
The Romanian leu traded in ranges against the euro in late session Tuesday and closed nearly flat on the day, amid a quiet market.
Ghetea, ARB: Rates On Leu, Euro Loans To Converge In 18 Months
The gap between interest rates on Romanian leu- and euro-denominated loans is likely to narrow in the next 18 months, provided the cost of domestic currency lending will continue its downwar...
Leu Down Vs Euro, Exchange Rate At 4.1233
Romania’s leu lost early gains versus the euro in mid trade Tuesday, but the central bank’s reference strengthened modestly to 4.1233 units, from 4.1263 units a day earlier.
Ialomitianu Says Good Period To Tap Markets For Financing
Romanian Finance Minister Gheorghe Ialomitianu Tuesday insisted this would be a good moment to attract funds on international markets, saying that the recent external turmoil would not affec...