Archive » August 2009 » 07 August 2009 The english news from 07 August 2009

  • Allianz-Tiriac regains top spot as general insurer

    Allianz-Tiriac, the largest local insurance industry player, ended the first half of 2009 with a total gross premium income worth RON 676 million (€159.8 mln), down three percent year-on-year. The gross profit announced by the insurer amounts to RON 18.3 mln (€4.3 mln), similar to the level posted at the end of the first six months in 2008…

  • Fitch: The banks will face credit losses and profitability drop

    Fitch Ratings is warning that the recession will probably lead to a significant growth of the losses caused by nonperforming credits and to the steep drop of bank profitability in Romania in 2009 and 2010, a scenario that brings out the necessity of capital hikes from the mother-banks, Mediafax informs…

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