Banks-Insurance
Leu Widens Loss Vs Euro, Exchange Rate At 4.1073
Romania’s leu continued to retreat against the euro in mid trade Tuesday and the central bank’s reference weakened 0.5% to 4.1073 units, the lowest level in three weeks.
ING: BNR’s Interventions On Forex Market At EUR600M In April
The Romanian central bank is likely to have injected up to EUR600 million in the money market in April to smooth the leu’s recent appreciation against the euro, ING Bank Romania said in a re...
BNR Keeps Key Rate Unchanged At 6.25%
Romania’s central bank Tuesday left its main interest rate at a record low of 6.25% a year for the eighth straight time, after costlier fuels and food items pushed the inflation rate to the...
Fighting to Attract Customers, Bankers Become More Tolerant Towards Late Payers
Customers with overdue payments the past year, but who later paid their dues, now find it easier to get a new loan than in the past because, in their search for new customers, bankers have b...
Leu Down Vs Euro In Early Trade, Rate Decision Awaited
Romania’s leu edged lower against the euro Tuesday morning, amid low volumes and ahead of the central bank’s monetary policy meeting scheduled for today.
INS: Romania March PPI +1.1% On Month, +11% On Year
Romania’s industrial producer price index rose for a fifteenth straight month in March, fueled by increases in manufacturing and utility sectors, the country’s statistics institute INS said...
BRD 1Q Net Profit Falls 39% To RON122M
Romanian lender BRD Societe-Generale (BRD.RO) Tuesday reported a 38.7% drop in its first-quarter net profit to 122 million lei (EUR29.85 million), on lower net income, the bank said in its f...
EximBank 2010 Net Profit Falls To RON75M
Romania’s state-run export-import lender EximBank Monday reported a 44% drop in its net profit to 75 million lei (EUR18.35 million) in 2010, from RON134 million a year earlier.
BCR Finance Sells EUR30M 3-Year Bonds In Luxembourg
BCR Finance, the financial arm of Romania’s top lender Banca Comerciala Romana (BCR), Monday issued three-year bonds worth EUR30 million on the Luxembourg stock exchange.