Banks-Insurance
UNSAR: Romanian Life Insurance Market Seen Up 5% This Year
Romania’s life insurance market could grow as much as 5% this year, after a 2.3% increase in 2010, as insurers join efforts to educate clients and create new products and services adapted to...
Erste: BCR Sold EUR84.6M Retail NPLs In Q1
Romanian leading bank group Banca Comerciala Romana (BCR) has sold non-performing retail loans worth EUR84.6 million in the first quarter, majority lender Erste Group Bank AG (EBS.RO) said T...
Finance Ministry Plans To Sell RON4.8B Treasuries In May
Romania’s Finance Ministry plans to sell state paper worth 4.8 billion lei (EUR1.17 billion) in May, down from RON6.1 billion sold a month earlier, ministry data showed Thursday.
Romanian Private Pension Funds’ 2010 Net Profits Total RON448M, Up 61% On Year
Romania’s mandatory and voluntary private pension funds registered aggregated net profit of 448.1 million lei (EUR106 million) in 2010, up 61% on the year, according to data released by the...
Basescu Says Romania Should Maintain Goal To Join Eurozone In 2015
Romania should maintain its goal to adopt the euro in 2015, President Traian Basescu said Wednesday on national television TVR, adding he had talks on the subject with the prime minister and...
Erste Lists Two Knock-Out Certificates On Proprietatea Stock In Bucharest
Austria's Erste Group Bank AG (EBS.RO) will launch in Bucharest Friday two knock-out (turbo) certificates on the stock of Romanian investment fund Fondul Proprietatea (FP.RO).
Erste Group's 1Q Net Profit +2.1% On Year To EUR260.6M
Austria's Erste Group Bank AG (EBS.RO) Thursday said its net profit rose 2.1% on the year to EUR260.6 million in the first quarter, on lower risk costs, despite negative impact from banking...
BCR 1Q Net Profit Falls 68.7% To RON76.1M
Romanian leading bank group Banca Comerciala Romana (BCR) Thursday reported a 68.7% drop in its net profit after minorities and taxes to 76.1 million lei (EUR18.6 million) in the first quart...
Weight Of Shares In Romanian Private Pension Fund Assets Could Increase To 25% In Next Five Years
The weight of shares in the total assets of Romania's private pension funds could increase to at least 25% in the next five years, from the current 15%, if the number of Bucharest Bourse (BV...