Banks-Insurance
Leu Higher Vs Euro In Early Trade
Romania’s leu opened higher against the euro in a quiet Thursday morning, with its peers in the region posting minor fluctuations versus the European common currency.
Citibank Romania Posts Double Profit In 2010, At EUR22M
Citibank Romania, the local subsidiary of American financial giant Citigroup, ended 2010 with a net profit of around EUR22 million, almost double the 2009 result, according to Romanian accou...
Banks Continue To Borrow From Foreign Sources, But Shift To Long Maturities
Banks continued to borrow from abroad in the first quarter, as the savings capacity of local companies and households is diminishing, but the trend is to switch from shorter maturities to lo...
Leu Falls Vs Euro Amid Higher Volumes
Romania’s leu continued to retreat versus the euro in late trade Wednesday and closed 0.4% weaker on the day, amid higher volumes and growing concerns over a possible dissolvement of the rul...
Patria Credit IFN Borrows EUR8M From EIF
Patria Credit IFN Wednesday said it has borrowed EUR8 million from the European Investment Fund to help finance 2,000 micro-companies and farmers in rural and small cities in Romania.
Leu Reverses Early Gains Vs Euro, Exchange Rate At 4.1184
Romania’s leu lost early gains versus the euro in mid trade Wednesday and the central bank’s reference weakened 0.3% at 4.1184 units, from 4.1051 units a day earlier.
Romania's Public Debt Rises To RON199B In March
Romania’s public debt rose to 198.9 billion lei (EUR48.3 billion) in March, from RON193.1 billion a month earlier, Finance Ministry data showed Wednesday.
Leu Opens Stronger Vs Euro, Peers Rise Timidly
The Romanian leu opened Wednesday slightly stronger against the euro, amid quiet trading, while other currencies in the region were also gaining inches versus the European coin.
Big Foreign Banks Bet On Stronger Leu Again
The Romanian leu has once again become interesting in the world's financial centers, which have returned with bets on an appreciation towards 4 lei per euro, after having forgotten about the...