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Raiffeisen And Banca Transilvania Most Profitable Lenders Again In 2014
Raiffeisen and Banca Transilvania preserved their top two positions among the most profitable lenders in Romania last year and Citi climbed to third after a 44% increase in net profit.
Major Banks Push Leu Deposit Interests To Less Than 1%
Five of the top ten banks in Romania are now offering less than 1% interest per annum for one-month deposits, while the one-year deposits get 0.7% to 2.7%. The abundant supply of cash on the...
Romanian Businessman Ion Tiriac Sells Its 45% In Unicredit Tiriac Bank
UniCredit Bank Austria AG bought the 45% stake in UniCredit Tiriac Bank from Tiriac Holdings for an undisclosed amount. Romanian businessman Ion Tiriac thus exits the bank he founded back in...
Only Four Banks Still Offer Over 3% For One-Year Deposits
The highest interest for a 12-month deposit currently stands at 3.4% and is offered by TBI Bank, a small player in Romania’s banking system. Second highest interest comes from Piraeus, 3.15%...
Exposure Of “Vienna Initiative” Banks Down By 30% In Six Years
The nine foreign bank groups part of the “Vienna Initiative” in the spring of 2009 reduced their exposure by 29% in six years. The decline of the exposure in nominal terms stood at about nin...
Ghetea: Most Difficult Moment Of My Career Was Announcing Romania’s Default
Radu Gratian Ghetea, who is due to retire from his position as CEC Bank president after eight years, says the most difficult moment of his entire 43-year career in the banking sector was the...
Bucharest Stock Exchange Saw Second Highest Rise In Region In April
The BET index, the main index of the Bucharest Stock Exchange, which tracks the ten most liquid companies, saw the second highest gain in the region in April, 6.6%. The market rebounded last...
Crisis Generated Long List Of Rebrandings In Banking Sector
Nine banks, insurance companies and leasing companies have changed their names in the last few years because they either changed owners or wanted to reinvent themselves to get rid of any pas...
Top Five Banks In Romania Hold Over 50% Of Assets, Loans And Deposits
The five largest local banks held 54% of the assets, loans and deposits of the banking system at the end of last year.