BANK
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Van Groningen, Raiffeisen: I Am Not Awaiting Cost-Cutting Instructions From Vienna
Raiffeisen Bank Romania does not await instructions from its Austrian parent bank on how to adjust costs and to make local operations more efficient. This shows in the decision taken in due...
Ponta: Romania Will Have Lower-Than-Expected Budget Revenues In 2013
Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and bec...
Ghetea Not Worried About Loss To Banking System Due To Swiss Loan Court Cases
Radu Gratian Ghetea, president of the Romanian Banking Association (ARB), says he is not worried about loss to the banking system as a result of court cases that could be brought by individu...
Banks, Insurers Got Capital Injections Of EUR240M In 2013
Foreign shareholders of banks, insurers and leasing companies added around EUR240 million to the capital of Romanian subsidiaries between in January and June 2013.
Leasing Companies Rely On Vehicle, Equipment Leasing To Keep Going
Leasing companies affiliated to banks have relied either on funding for vehicle or equipment purchases to keep their business going, as the first half rankings show.
KPMG Advises On Sale Of Non-Performing Loans Of Over EUR100M
Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Ro...
Posta Romana Wants To Provide Banking, Financial Services
Romanian state-run postal company Posta Romana said Tuesday it wants to expand its portfolio and offer banking and financial services, and the project will be presented to banks between Augu...
Managing Director Says Axxess Capital Could Buy A Bank
Horia Manda, managing director of Axxess Capital, a company which manages the Romanian-American Enterprise Fund (RAEF), Balkan Accession Fund (BAF) and Emerging Europe Accession Fund, says t...
Foreign Banks Withdrew Deposits Worth EUR1.7B From Romania Over Past Two Years
Non-resident bank deposits in Romania decreased to EUR6.9 billion in May, a record low since 2009, mirroring the reduction of foreign banks’ exposure to the Eastern European country.