Banks-Insurance
Debt Collection Down 12% On Year In First Quarter
Romanian debt collection market fell 12% on the year in the first quarter, as liquidity bottlenecks put upward pressure on recovery costs, the Debt Management Service Association (AMCC) said...
Leu Partly Recovers Vs Euro, Exchange Rate Flat At 4.172
Romania’s leu reversed early losses against the euro in mid trade Thursday, while the central bank’s reference was virtually unchanged at 4.172 units, amid average volumes.
GfK: Only 4% Of Romanians Use Internet Banking
Romania has one of the lowest penetration rates of Internet banking services in Central and Eastern Europe, just 4%, compared to 42% in the Czech Republic, 34% in Austria or 13% in Croatia,...
Volksbank Expects Romanian Unit To Return To Profit In 2011
Volksbank Romania is estimated to return to profit in 2011, versus a pretax loss of EUR36 million last year, Volksbank International AG said Thursday.
Public Procurement Body To Check All Auctions Regardless Of Contract Value
The Romanian public procurement checkup body UCVAP will be reorganized and will check all public procurement auctions regardless of the estimated value of contracts to be awarded, according...
Romania Taps Foreign Markets With EUR1B Bond Issue
After more than a year, Romania returns to the international markets with an euro-denominated bond issue, the first in a program poised to raise EUR7 billion.
Unpleasant Surprise: Household Overdue Loans Up By EUR75M In April
Individual customers' overdue payments on bank loans unexpectedly jumped in April, overshooting the 6 billion lei (EUR1.4 billion) mark for the first time, central bank data revealed.
Croitoru, BNR: Banks Highly Selective In Lending To State-Owned Companies
State-owned companies behave themselves when it comes to paying back bank loans, with overdue loans accounting for merely 0.1% of the total. This, however, is because the banks impose strict...
MKB Romexterra Bank Ups Share Capital By RON82M, To RON462M
MKB Romexterra Bank increased its share capital by 82 million lei (EUR19.65 million), to RON462 million, through cash contribution by majority shareholder MKB Bank Zrt.