Banks-Insurance
Boris Schneider Leaves Asirom, Mariana Diaconescu Takes Over
Boris Schneider, 51, has left his position as Asirom president, which he has held in the last six years, being replaced by Mariana Diaconescu, who was vice-president of the company.
BCR Raises Consumer Loan Interests On Higher-than-expected Demand
BCR, the biggest domestic bank in terms of assets, has taken the market by surprise after having unexpectedly raised the interest rate for leu-denominated consumer loans, to 14.5% a year, th...
Private Pension Funds' Net Assets Up 3.5% In April, To RON5.43B
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) hit 5.43 billion lei (about EUR1.3 billion) at the end of April, up 3.5% from...
Number Of Active Cards Fell To Lowest Level Since March 2008
The number of active cards in Romania decreased by 619,815 in the first quarter, to 10.58 million, the lowest level since March 2008, although the total value of transactions has grown compa...
Leu Dips Vs Euro Amid Low Volumes
Romania’s leu edged lower against the euro in late trade Tuesday and closed slightly weaker on the day, amid low volumes.
UniCredit Business Partner Rents 10,000 Sqm In Novo Park
UniCredit Business Partner, the back-office unit of the UniCredit group, rented 10,000 square meters in Bucharest’s Novo Park, the largest transaction on the office market so far in 2011.
Romania To Introduce Ethical Codes In Pension Fund Management
Romania's Government will issue "ethical codes" applying to private pension fund management, in an effort to improve public confidence in fund administrators and ensure that contributors' mo...
UNSAR Members’ Premiums Written Down 12.75% In 1Q, To RON1.7B
Insurers that make up the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) underwrote general and life insurance premiums of 1.7 billion lei (about EUR 414 million) i...
Mariana Diaconescu Named President Of Asirom, After Boris Schneider's Departure
Romanian insurer Asirom on Monday appointed vice-president Mariana Diaconescu as Board president, replacing Boris Schneider who left the company.