RON
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Meda Prod: devalued RON eroded profit
Meda Prod, one of the largest charcuterie producers on the local market, controlled by businessman Gheorghe Netoiu and partner Luchi Georgescu, believes the company will double its turnover...
Banca Romaneasca pays 11% for 6-month deposits in RON
Greek-based Banca Romaneasca pays interest rates that range from 10% to 11% for deposits in RON in order to persuade their clients to save more. The new interest rate levels are on average t...
BCR's net profit surges 82.4% in Q1, to 382.7 million RON
Banca Comerciala Romana has derived net profit after tax and payment of minority interests worth 382.7 million RON (103.6 million euros), an increase of 82.4%, whilst assets increased 2% and...
Erste Bank sells 150m-RON bonds in RON
Erste Bank, the majority shareholder of BCR (Banca Comerciala Romana), will start the second stage of its programme to issue bonds in RON this week, which will be worth 150 million RON (arou...
Weakened RON hurts Metro group's profit
Exchange rate fluctuations increased the domestic operating costs of German-based Metro group and caused a decline in EBT (earnings before taxes) of 2 million euros in the first quarter of t...
Raiffeisen: excess RON on monetary market will be absorbed in a year
The excess liquidity on the monetary market has declined significantly over the last few years to a level of around 6 billion RON (equivalent to 1.7 billion euros) at present, from as much a...
Higher appetite for credits in RON
The population's appetite for consumer credits in RON went up significantly in February, after volumes registered an almost two-fold increase against the previous month in absolute terms. Co...
Nord Bucuresti increases capital to 6.1 million RON
The shareholders of Nord Bucuresti, a hotel operator, have approved a 3.6 million-RON capital increase, from 2.5 million RON to 6.1 million RON, through a cash contribution. The move entails...
Banks pay 10% a year for term deposits in RON
Small players in the banking system, such as Bank Leumi and ProCredit, increased the interest rates paid for term deposits in RON to 10% a year, in order to attract more funds from clients....