ASSETS
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Italy’s Enel Sells Distribution And Sales Assets In Romania
Italy’s utility Enel started the sale process of its energy distribution and sale assets in Romania and the energy generation assets in Slovakia, as part of a program aimed at reducing the g...
Private Pension Funds’ Net Assets Reach EUR4B At End-June
The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 17.5 billion lei (EUR4 billion) at the end of June, up 18.6% compared with December 2013, t...
Mandatory Private Pension Funds Assets Up By RON3B In Last 6 Years
The assets of Romania’s mandatory private pension funds (Pillar II) rose by nearly RON3 billion in the last 6 years, reaching RON15.46 billion (EUR3.47 billion), the Pension Fund Association...
How To Close Up Shop In An Orderly Fashion, RBS-Style
The Romanian unit of RBS, which became a branch of UK’s The Royal Bank of Scotland, Edinburgh, last September, returned among profitable banks in 2013 thanks to its 9.1 million lei (EUR2 mil...
RA-APPS To Lease State Property After Repeated Failed Auctions
Romania's government will allow the state property authority RA-APPS to lease the buildings it manager after failing to sell the assets at auction, as analysts have been warnings for two yea...
ING Pensii: Private Pension Funds To Invest EUR500M In Public Offerings In 2014-2015
Private pension funds in Romania may invest EUR500 million on the capital market, in new public offerings, between 2014 and 2015, said Raluca Tintoiu, general manager of ING Pensii.
Romanian Lenders See Improvement In Liquidated Asset Sales
Banks see improvement in asset liquidation sales and support company restructuring outside of insolvency procedures, which they consider simpler and less costly than insolvency.
Romania Open-end Fund Assets Up 3.2% On Month In February
The combined net assets of Romanian open-end investment funds rose 3.17% to 13.98 billion lei (a little over EUR3 billion) in February, from RON13.55 billion a month earlier, data from the l...
Banca Transilvania Aims For 10% Hike In Private Banking Assets
Romanian lender Banca Transilvania (TLV.RO) targets this year a 10% increase in both the number of clients and the value of managed assets for its private banking division, the bank said in...