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Romania’s Banking System Posts EUR1B Profit In 2015
Romania’s banking sector stepped back into the black last year, when it posted about EUR1 billion profit, after the record losses of 2014, central bank data reveal.
Consumer Loans Up 11% In 2015
Leu-denominated consumer loans granted by banks reached 33 billion lei (EUR7.3 billion) at the end of last year, an increase of almost 11% on 2014, according to Romania’s central bank data....
Five Top Banks Looking For Buyers For 3,700 Foreclosed Homes
BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank, some of the largest lenders in Romania whose websites show information about foreclosed homes, are looking for buyers for about 3,700 s...
Five Largest Lenders In Romania Had More Than RON200B Assets In September
The five largest banks in Romania managed over 200 billion lei (EUR45 billion) assets at the end of September, more than half of the total assets in the system (almost RON360 billion).
Foreign Banks’ Exposure To Romania Down $5.6B
Foreign banks lowered exposure to the Romanian economy by $5.6 billion in the past year (July 2014-June 2015) in one of the biggest deleveraging moves in Eastern Europe.
Banks Promote Easy Loans Again
Almost ten years from the boom of the easy loans where applicants were only required a valid ID to be able to borrow money, banks are trying again to lure customers with fast consumer loans...
Three Of Romania’s Richest Energy Companies Sit On RON7B Cash
Three of the richest energy companies either state-owned or in which the government owns significant stake have about 7 billion lei (EUR1.6 billion) in their accounts.
Olteanu, BNR: Some Bank Shareholders Have Grown Tired
Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individua...
Two People In Romania’s Banking Business Earn Over EUR1M A Year
Romania has two high earners in the banking business, who make more than EUR1 million a year, one of whom working on a top management position and the other in investment banking, according...