Banks-Insurance
Romania Sells RON1.2B 5-Month T-Bills At 6.32% Average Yield
Romania’s Finance Ministry on Monday sold 1.21 billion lei (EUR1=RON4.0869) in five-month treasury bills, above the planned amount, at an average yield of 6.32% a year, central bank data sho...
Astra To Insure Tarom Fleet For Fifth Consecutive Year - Sources
Romanian insurance company Astra Asigurari will insure the fleet of state-owned airline Tarom, for the fifth consecutive year, between May 1, 2011 and April 30, 2012, people close to the mat...
Romanian Insurer Generali Paid Record-Claim Of RON55.25M
Romanian insurer Generali Asigurari paid Niro Investment 55.25 million lei (EUR13.5 million) in March to cover the damage caused by a fire in the "Dragonul Rosu" commercial area, the highest...
BCR Asigurari Switches To RON14.4M Pretax Profit In 2010
Romanian insurer BCR Asigurari posted a pretax profit of 14.43 million lei (EUR1=RON4.0966) in 2010, under international reporting standards, from a RON55.54 million loss in 2009, the insure...
BCR Asigurari De Viata Posts RON18.7M Pretax Profit In 2010
Romanian insurer BCR Asigurari de Viata posted a pretax profit of 18.72 million lei (EUR1=RON4.0966) in 2010, up 39.5% on the year, based on a 20.5% increase in premiums subscribed, company...
Romanian Banking Association Elects 2 New Board Members
Romanian Banking Association (ARB) Thursday elected two new members in its Managing Board and approved hiring an executive president.
PwC: Romania NPLs Up 67% On Year In 2010
Romanian non-performing loan market (NPL) rose 67% on the year to EUR5 billion in 2010, the fastest growing pace across 13 European states included in a report from tax and consultancy firm...
BRD Pays Dividend Of RON0.18/Share
Shareholders of Romania’s second largest bank BRD-Groupe Societe Generale (BRD.RO) approved paying out a gross dividend of 0.17957 lei (EUR1=RON4.1021) from 2010 profit, 36% lower on the yea...
Comelf To Seek EU Funding Worth EUR6M For Upgrades
Shareholders of Romanian machinery maker Comelf Bistrita (CMF.RO) on Tuesday decided to draw EU funding worth EUR6 million to finance upgrade works.