Banks-Insurance
Leu Reverses Early Gains, Ends Flat Vs Euro
Romania’s leu lost early gains versus the euro in late trade Friday and closed flat on the day, amid a negative sentiment in the region.
Intesa Sanpaolo Loss In Romania Doubles To EUR2M In 1Q
Italy’s Intesa Sanpaolo Friday said its net loss in Romania doubled to EUR2 million in the first quarter, due to higher bad loans.
Raiffeisen Leasing Borrows EUR30M From EBRD To Support SMEs
The European Bank for Reconstruction and Development on Friday said it has provided a EUR30 million loan to Raiffeisen Leasing Romania, a subsidiary of Austrian Raiffeisen Bank International...
Leu Exchange Rate Weakens To 4.106 Vs Euro
Romania’s leu continued to advance against the euro in mid session Friday, but the central bank’s reference weakened slightly to 4.106 units, from 4.0997 units a day earlier.
Eurostat: Romania's 1Q GDP Expands At Slowest Pace In EU
Romania's economy grew at the slowest pace in the European Union in the first quarter of 2011 compared with the similar period a year before, official data showed Friday.
UniCredit Tiriac Bank 1Q Net Profit Halves To RON34M
Romania’s UniCredit Tiriac Bank on Friday said its net profit fell 47% to 34 million lei (EUR8.3 million) in the first quarter, due to negative effects of the recession and lower margins, ac...
Croitoru, BNR: Capital Inflows To Turn Focus On Monetary Policy Rate
Higher foreign capital inflows in Romania will likely bring back focus on the key interest rate, but the central bank might have to divert attention to competitiveness from inflation targeti...
Romania’s Economy Makes It Out Of Recession
Romania's economy expanded by 0.6% in the first quarter, after a meager recovery of just 0.1% three months earlier, a flash estimate of the country’s statistics institute showed Friday.
Cosmescu, BRD: The Network Should Bring Clients, Risk Experts Should Find Solutions For Lending
"Bring clients" is the main target set for BRD's network this spring, says Roxana Cosmescu, recently appointed as an executive manager with the commercial pole of the network of BRD, the sec...