Banks-Insurance
EBRD Raises Romania GDP Forecast To +1.8% In 2011
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity...
S&P Withdraws BNR’s Ratings In Procedural Action
Standard & Poor's has withdrawn its ratings on the National Bank of Romania (BNR, the central bank of Romania), as the purpose for which the rating was initially issued ceased to exist.
S&P Lists BNR Outlook Stable With One Year Delay, Citing Administrative Error
Standard & Poor's Rating Services Thursday said that due to an administrative error the rating outlook on the National Bank of Romania (BNR, the central bank of Romania), which is linked to...
Millennium Bank Set To Double Client Portfolio
Portugal's Millennium Bank, which launched operations from scratch in Romania at the end of 2007, wants to reach at least 100,000 clients, which means more than doubling the portfolio built...
Astra: Insurance Market Decline Could Slow Down By Yearend
Insurers are likely to partially recoup in the second half of the year the business they lost in the first quarter, when overall turnover dropped by 150 million lei (EUR36.4 milion) amid the...
Garanti: We Prefer To Grow Organically In Romania
Garanti, one of Turkey's biggest financial groups, prefers an organic growth in the future on the Romanian market after last year it turned the local branch into a subsidiary licensed by the...
Romanian Private Pension Association APAPR Elects New President
Cornelia Coman, chairwoman of the board of Romanian pension administrator ING Pensii, was elected Thursday president of the Private Pension Administration Association (APAPR) for a three-yea...
OTP Bank Romania Returns To Profit
OTP Bank Romania, the domestic subsidiary of Hungary's biggest financial group, managed to return to profit with some EUR0.5 million result in the first quarter of 2011, after having piled u...
Leu Ends Higher Vs Euro In Quiet Market
Romania’s leu edged higher against the euro in late trade Thursday and closed stronger on the day at 4.1125/4.114 units, amid a quiet market.