Banks-Insurance
Romania SIF Moldova OKs 2010 Dividend; BCR Stake Sell Put Off
Romanian regional investment find SIF Moldova (SIF2.RO) Friday approved paying out a dividend of 0.09 lei (EUR0.022) a share from the 2010 profit, up 50% on the year.
ING: Jobless Figures Don’t Reflect Romanian Economic Reality
Romanian declining unemployment rate “is spectacular”, but it doesn’t reflect the economic reality in the country, ING Bank said in a report Friday.
ING Sees Romanian Leu Firming To 4.05 Vs Euro On Short-Term
Romania’s leu is likely to trade near 4.05 per euro in the next few months, benefiting from a substantial narrower current account deficit, ING Bank said in a report Friday.
Certinvest Announces New Closed-End Fund
Romanian investment fund manager Certinvest Thursday announced it has launched a private closed-end fund called Absolute Return, which aims to attract up to EUR1.5 million in the next three...
Garanta Asigurari Net Profit Down 64.4% In 2010, To RON3.83M
Romanian insurer Garanta Asigurari last year posted a net profit of 3.83 million lei (EUR936,293), one third of its result in 2009, while underwritten premiums declined by 28% to below RON10...
Romania Sells RON109M 10-Year Bonds At 7.4% Average Yield
Romania’s Finance Ministry on Thursday sold 109.3 million lei (EUR26.7 million) worth of 10-year treasury bonds, below the planned amount, while the average yield remained stable at 7.4% on...
BNR: Bank Payment Refusals Rise To RON614.5M In March
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 614.5 million lei (EUR150.2 million) in March, up 15.3% on the month, central bank data showed Thu...
Emporiki Bank Romania Ups Share Capital To RON237.7M
Emporiki Bank Romania has increased its share capital by 61.9 million lei (EUR1=RON4.0858) to RON237.68 million by cash injection from its mother company, Emporiki Bank of Greece.
Romanian Insurer Astra Buys 16.2% In Intercontinental
Romanian insurance company Astra (ATRA.RO), owned by businessman Dan Adamescu, paid 16.9 million lei (EUR1=RON4.0858) for a 16.22% stake in hotel operator Intercontinental (RCHI.RO), broker...