Banks-Insurance
Central Bankers To Be Guardians Of Foreign Banks’ Exposure To Romania
Nine of the ten foreign banks that control local top ten lenders need billions of euros to recapitalize. Out of the ten-hour talks conducted by the leaders of the euro zone on Wednesday nigh...
Isarescu: Financial Crises Are Impossible To Avoid
The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be m...
Integrity Agency To Prioritize COI Suspicions In EU Fund Management
The Romanian Government decided Wednesday the National Integrity Agency (ANI) will give full priority to analyzing ministries’ notifications regarding possible conflict of interest in managi...
Isarescu Says Killing Foreign Lending Big Mistake
Romanian mortgage market relies heavily on the foreign lending and killing the foreign loans altogether would be a “grave error,” central bank governor Mugur Isarescu said Thursday.
Isarescu: Housing Banks Help Burst The Mortgage Bubble
Romania’s subsidized housing program, along housing banks have helped deflate the small bubble in the mortgage market, while bringing more stability to the system, central bank governor Mugu...
Banca Transilvania Reports 53% YY Rise In Jan-Sep Net Profit, To RON106.9M
Lender Banca Transilvania (TLV.RO) on Thursday reported a net profit of 106.9 million lei (EUR25.4 million) for the first nine months of the year, up 53% from RON69.7 million in the same int...
Can BVB Help Romanian Entrepreneurs Build A Strong Bank?
Eastern European countries need to encourage local banks, and where there aren’t any, they may have to build them from scratch, in order to have an alternative to the financing offered by fo...
President Basescu, Finance Ministry, BNR Ask EU In Unison To Persuade Banks Not To Withdraw Capital
The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in un...
Romania Among Most Vulnerable Countries If Euro Zone Banks Repatriate Capital
Romania is the fourth most vulnerable country if euro zone banks decide to cut their exposure, with debts to such lenders amounting to around 38% of GDP, according to an analysis of UK’s Bar...