BUCHAREST, May 2 (Reuters) - Here are news stories, press reports and events to watch which may affect Romanian financial markets on Monday.
Romania’s central bank is expected to release foreign exchange reserves data for April.
Romania’s finance ministry tenders 1.5 billion lei ($545 million) worth of one-year treasury bills.
Romania’s centrist coalition government maintained its 2015 euro adoption goal in its euro convergence programme approved on Friday, Prime Minister Emil Boc said. [ID:nLDE73P0C5]
ROMANIA TO TENDER 3-YR EURO PAPER ON MAY 4
Romania will tender 600 million euros ($890 million) in three-year euro-denominated bonds on the domestic market on May 4, its first hard currency issue this year, the finance ministry said on Friday. [ID:nBUC003876]
Romania’s second-largest listed bank Banca Transilvania BATR.BX reported a net profit of 31.8 million lei ($11.58 million) in the first quarter on Friday, above market expectations. [ID:nBUC003877]
Romania’s second-largest bank BRD BRDX.BX, controlled by France’s Societe Generale (SOGN.PA), is seen posting a 34 percent fall in its first quarter net profit due to rising provisions and costs. [ID:nLDE73S0HN]
Shareholders of Romania’s largest bank, BCR, owned by Austria’s Erste Bank (ERST.VI), approved a capital increase of 55.4 million lei ($20.12 million) to 1.085 billion lei on Friday, sources said. Ziarul Financiar, Page 2
Hungary’s OTP Bank OTPB.BU is in talks to take over the Romanian branch of Royal Bank of Scotland (RBS.L), market sources said. A preliminary offer could come in about two weeks. Ziarul Financiar, Page 6
American company Farmers’ Ethanol could invest about $150 million in a holding in Romania where it could produce bio ethanol and raise animals, Farm Minister Valeriu Tabara said.
Ziarul Financiar, Page 11
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