BANK
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A New Lender Ready To Set Off. Umbrarescu’s Bank Has Its Management Set
Banca Romana de Credite si Investitii (BRCI), the second Romanian majority held bank emerging on the local market in the past years after Banca Feroviara, has set up its supervisory board, h...
Banks Expected To End 2013 In The Black
Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion los...
Spanish Caixa Shuts Down Romanian Subsidiary
Spanish savings bank CaixaBank, formerly La Caixa, has shut down its Romanian subsidiary six years after launching operations on the local market.
Andreas Treichl: BCR Done With The Cuts, Ready For Business
BCR has concluded its ambitious restructuring process started eighteen months ago and has become an efficient bank, said the chief executive of Erste Group Bank (EBS.RO), the owner of Romani...
Finance Ministry Plans To Get More Money From Tax On Profit, Income By 2017
Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts...
Leu Loan Interests Close To Matching Euro Loan Rates
Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-den...
GDF Suez Energy Romania Borrows RON180M To Finance Business Activity
Electricity and gas distributor GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, has borrowed 180 million lei (EUR40.4 million) to finance its current business operations.
Romanian Companies Owe EUR11B To Banks Abroad
Romanian companies had EUR11 billion worth of loans taken directly from banks abroad in mid this year, EUR500 million less than in September 2012, according to the data published by the cent...
Interest Rates On Mortgage Loans In Lei Fall Below 7% A Year
The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of inter...