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US Fund Encouraged To Do Some Cleanup In Romania’s Banking System
US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan...
J.C. Flowers May Take Over Carpatica Bank Through Private Investment
The management of Romanian lender Banca Comerciala Carpatica (BCC.RO) summoned an extraordinary stockholders’ meeting October 9 to approve the change of the terms and conditions of the share...
Five Banks Gained, Five Banks Lost Market Share In 2008-2014
The ranking of the top ten banks, which account for almost 80% of the assets of the entire banking system, did not see any new entry in the past six years, but market shares and positions di...
More Than Half Of Romania’s Banking System In The Black In H1
A number of 24 banks in the system posted profit in the first half, while 16 were in the red, said Nicolae Cinteza, head of the Supervision Department of Romania’s central bank.
Romania’s Banking System Lost One Fifth Of Branches And Employees Since 2008
Almost seven years from the onset of the economic crisis, the banking system has lost one fifth of the jobs and offices. A number of 14,282 people left the system and 1,349 offices and branc...
EBRD Invested Almost EUR3B In Romania In Five Years
The European Bank for Reconstruction and Development, the largest foreign institutional investor in Romania, has invested EUR2.7 billion in the country in the last five years, continuing sup...
Romania’s Banking System Posts RON1.2B Profit In H1
Romania’s banking system, which numbers 40 lenders, posted almost 1.2 billion lei (EUR271 million) profit in the first half. Solvency remained high and the non-performing loan ratio went dow...
No Change Among The Top Three Banks In H1
The three largest banks in Romania posted decline in interest income in the first half and the ranking by assets remained unchanged even after the completion of the deal between Banca Transi...
150,000 First Home Loans Worth RON25B Granted Since 2009
The banks participating to the First Home scheme have granted more than 150,000 government-secured loans worth 25 billion lei (EUR6 billion) to people looking to buy a home since 2009.