Banks-Insurance
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.0744
Romania’s leu traded in ranges against the euro by mid session Friday and the central bank’s reference firmed slightly to 4.0744 units, from 4.076 units a day earlier.
BCR Approves RON55.4M Capital Increase
Romania’s largest bank Banca Comerciala Romana (BCR) Friday approved raising its share capital by 55.4 million lei (EUR13.6 million) by including the entire profit for 2010, people in the sh...
Romania Plans To Sell EUR600M 3-Yr FX Bonds Wednesday
Romania’s Finance Ministry plans to raise at least EUR600 million at a three-year foreign currency bonds May 4 to finance the budget deficit and refinance public debt, the Finance Ministry s...
Intercontinental Appoints Alexander Adamescu As Board President
Shareholders of Romanian hotel company Intercontinental (RCHI.RO) appointed Alexander Adamescu as president, while other three persons supported by The Nova Group Investments were elected me...
Banca Transilvania Holders Vote For RON0.3B Capital Hike - Sources
Shareholders of Romanian lender Banca Transilvania (TLV.RO) approved a share capital increase of 295.7 million lei (EUR72.7 million), to RON1.77 billion, by including reserves from previous...
Romania March Overdue Loans Up 1.3% On Month To RON17.8B
Romanian overdue private loans rose 1.3% on the month to 17.8 billion lei (EUR4.4 billion) in March, equal to 8.66% of the total lending, central bank data showed Thursday.
UNSAR: Solvency II To Entail Significant Costs For Romanian Insurers
Romanian insurers will need tens of millions of euros to upgrade IT systems in order to implement the European set of directives Solvency II, Cristian Constantinescu, president of the Romani...
Millennium Bank Romania 1Q Loss Narrows To EUR6.4M
Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, Thursday reported a loss of EUR6.4 million in the first quarter, narrower from EUR7.4 million in the year-ea...
BNR Pumps RON404M In 4-Day Repurchase Operation
Romania’s central bank BNR on Thursday injected 403.7 million lei (EUR99.04 million) into the money market in a four days repurchase agreement operation at an interest rate of 6.25% a year,...