Banks-Insurance
Ciurel, AXA: We Want To Become A Top Five Insurer In 3 Years
AXA Life Insurance, a company that entered the Romanian market last year, when French giant AXA took over Omniasig Life, plans to become one of the top five players on the life insurance mar...
Leu Ends Weaker Vs Euro On Negative Sentiment
Romania’s leu retreated against the euro Thursday and closed 0.6% weaker on the day at 4.114/4.116 units, amid growing aversion to risk from investors.
Analysts See Romania's 1Q GDP +0.6% On Quarter
Romania's economy is likely to increase by 0.6% in January to March compared to the previous quarter, according to estimations of the country’s association of financial and banking analysts...
Allianz’s General Insurance Premiums In Romania Down 11% To EUR55M In 1Q
Gross general insurance premiums underwritten by Germany’s Allianz in Romania decreased by 11% in the first quarter of the year, to EUR55 million, due to the difficult economic situation and...
CSA: Insurance Market Fell 6.6% To RON2.14B In 1Q
Romania’s insurance market declined 6.6% in the first quarter of the year, to 2.14 billion lei (EUR530 million), driven by a 8.8% drop in general insurance, to RON1.71 billion, according to...
Banca Carpatica 1Q Net Loss Narrows To RON13.5M
Banca Comerciala Carpatica (BCC.RO) posted a net loss of 13.5 million lei (EUR3.2 million) in the first quarter, narrower than RON57.44 million in the same period of 2010, the lender said Th...
Leu Opens Weaker Vs Euro, Peers Hold Ground
The Romanian leu opened Thursday slightly weaker against the euro, in a quiet market, while other currencies in the region were holding their ground against the European coin.
Banks Fill BNR's Accounts Instead of Seeking Clients To Lend To
Bankers prefer to place their money at the central bank BNR at an interest of just 2.25% a year on leu-denominated deposits, while not taking any chances on the real economy.
UniCredit CEO: Corporate Sector Is Still Suffering
Consumer loan demand is showing signs of growth, but it is not the healthy result of wage raises, instead reflecting the need for money of people short on cash, says Rasvan Radu, CEO of UniC...