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Foreign banks are not likely to lower their exposure to Romania, as large part of the existing financing is included in the share capital of their local subsidiaries and cannot be withdrawn
Romania’s Finance Ministry on Monday sold 249.1 million lei (EUR57.12 million) in one-year treasury bills, lower than the planned amount, at an average yield of 6.65% a year.
Piraeus Bank Romania, the local unit of Greek financial group Piraeus, reported a pretax profit of EUR120 million in the first nine months, down 18.4% from EUR147 million a year earlier
Bank of Cyprus Wednesday reported a 33% drop in its after-tax profit in Romania to EUR4.8 million in the first nine months, from EUR7.2 million in the year-earlier period.
The headhunting companies hired to recruit managers for Romania’s state-run companies Hidroelectrica, Oltchim, Electrica Furnizare and Romarm will receive a commission of EUR250,000
Romania’s Finance Ministry on Monday sold 1.065 billion lei (EUR244 million) in seven-month treasury bills, slightly above the planned amount, at an average yield of 6.6% a year.
ProCredit Bank Romania Monday reported a net profit of EUR3.5 million in the first nine months, versus a loss of EUR4.1 million in the year-earlier period.
undergo deep reorganization starting with 2012, because previous hopes that the economic and financial downturn was only a temporary setback are now obsolete, an official of Volksbank Romania
Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year.
Romanian bank asset quality has continued to weaken and further deterioration without strengthening of banks' capital could result in the sector outlook turning negative, Fitch Ratings
