Senior Editor
Razvan Voican
- Fields
- Banks-Insurance, Macroeconomics, Capital Market
- Writing for ZF since
- 2011
- Articles
- 77
BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us
All mother groups of the Romanian top 10 banks have seen their share prices plummet over the past week, with lending institutions being indirectly hurt by the sovereign debt crisis.
Swiss Franc Strengthening Brings Special Measures At OTP
The rocketing Swiss franc, which climbed beyond the RON4 threshold, pushed OTP Bank to take unprecedented steps to support clients: a one-percentage point interest cut over periods of six mo...
Foreign Market Rout Hurts Romanians With Swiss Franc Loans
Strong emotions for the 50,000 Romanians holding Swiss franc-denominated loans totaling EUR3.2 billion: the leu/franc exchange rate climbed beyond RON4 on Tuesday, marking an over 40% increa...
One Third Of Romanians Have No Confidence In Banks
After around 10 years during which one could speak about retail banking in Romania, the banking industry, populated by dozens of lending institutions, is finding out the market has not gone...
Erste: Our Romanian Business Will Fare Better In 4Q
Andreas Treichl, chief executive officer of Austrian group Erste, expects the financial results of Banca Comerciala Romana (BCR) to visibly improve starting in the fourth quarter.
Finance Ministry Refinances Only EUR600M Of Its EUR2.5B Maturing Debt
The Finance Ministry plans to sell EUR600 million at a four-year foreign currency bonds auction Wednesday, a few days before it has to repay a bond issue worth EUR1.21 billion and a EUR1.26...
CEC Spent EUR6.8m On Management Salaries In 2010
State-owned CEC Bank spent 28.8 million lei (EUR6.8 million) on management salaries last year, an increase of 36.5% on 2009.
Finance Ministry May Leave EUR1.26B In Banks To Push For Lending Uprise
The Finance Ministry does not plan to refinance the club loan worth EUR1.26 billion due at the end of next week, but may consider a rollover of the EUR1.21 billion bond issue also maturing t...
Negritoiu, ING: Monetary Policy Is Like High Blood Pressure. It Doesn’t Hurt, But Can Kill You
The Romanian central bank (BNR) has long been talking about discouraging euro-denominated loans after letting them become dominant, but is not taking concrete steps to encourage the use of l...
What RBS Has For Sale In Romania And Why Investors Are Not Rushing In To Buy
It has long been known that UK’s RBS is not interested in doing business in Romania and it seeks to sell its local portfolio, or rather what is left of it. In fact, the UK parent bank itself...
Attracted By High Yields, Foreign Investors Now Hold Over 15% Of Leu-Denominated Paper
Foreign investors, mostly corporate entities, owned leu-denominated state paper worth nearly 9.2 billion lei (EUR2.2 billion), accounting for around 15% of the market volume.
Raiffeisen: Banking Sector’s Retail Network Is No Longer Justified
An increasingly pressing question for the banking sector is the fate of the over 6,000 branches still open despite the very low demand for loans, and consolidation will be inevitable, says S...