Banks-Insurance
Weight Of Shares In Private Pension Fund Assets Seen At 20% By Yearend
The weight of shares in the total assets of Romania's private pension funds could increase to at least 20% by December 2011, from 14.5% in April, because of lowered state bond yields, said C...
Romanian Leu Widens Loss Vs Euro, Exchange Rate At 4.1263
Romania’s leu extended early losses against the euro in mid trade Monday and the central bank’s reference weakened 0.4% to 4.1263 units, from 4.1091 units in the previous session.
Most Urban Romanians Remain Wary Of Large Acquisitions - Poll
A recent poll by Romanian research firm ISRA Center Marketing Research shows that only a handful of Romanians in urban areas plan to buy a home or a car within the next 12 months.
Carpatica Asig’s Net Profit Up 26% To RON28M In 2010
Romanian insurer Carpatica Asig on Monday reported a 26% increase in net profit to 28 million lei (about EUR7 million) for 2010, fueled by an 47% growth in subscribed premiums.
Leu Opens Down Vs Euro, Attuned To Region
Romania’s leu opened lower against the euro Monday, tracking the currencies in the region, which started to retreat after Standard & Poor’s downgraded Italy’s rating outlook to negative on w...
BCR Asigurari De Viata: Premiums Up 10% In First Quarter
Romanian insurer BCR Asigurari de Viata, part of the Vienna Insurance Group (VIG), Monday reported gross subscribed premiums of 89.5 million lei (EUR21.3 million) in the first quarter, about...
Bankers Teach Clients To Borrow In Lei By Making FX Loans More Expensive
Bankers have radically changed consumer loan prices after the shock of the leu depreciation of 2008-2009, which reminded them the foreign-exchange risk is not just in books, and at present l...
Banks Slow Down Restructuring Process
Expecting the economy to recover, bankers have slowed down even more the restructuring of their territorial networks and number of employees, while the average salary reported by the central...
Government To Permit Derogation From Purchase Restrictions Imposed On State Companies
The Romanian Government will permit derogation from norms forbidding state-owned companies to buy cars, furniture and office equipment, to let state-run lender CEC Bank modernize its subsidi...