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Volume Of Non-Performing Loans To Rise Unless Banks Unfreeze Lending
The volume of non-performing loans in Romania will continue to rise unless banks unfreeze lending, because companies undergoing restructuring can’t survive without access to new loans, accor...
SME Loan Guarantee Fund Head Says Firms Must Change Business Model
Small and medium-sized firms (SMEs) in Romania must change their business model, a measure more important and urgent than in the case of banks, as they are essential to the economy, Aurel Sa...
Banks Book EUR3.6B Income Through “First Home” Program
The state-guaranteed “First Home” program launched in 2009 is close to running out of funds, with EUR160 million left for loans. Banks have granted 92,000 “First home” loans out of a total p...
80% Of Romania Savings Deposited In Ten Banks
The top ten banks by the volume of deposits held 80% of individuals’ and companies’ savings, with the cumulated value of resources attracted at 173 billion lei (EUR39 billion).
Banks To Distribute Farming Subsidies Considering Agriculture Lending
Banks will broker the distribution of farming subsidies considering their market share on the agriculture lending segment, Romanian Agriculture Ministry secretary of state Achim Irimescu tol...
Volksbank Austria: Plan Is To Sell Romanian Bank In 2015, After Its Restructuring
Austrian group Volksbank, which controls 51% in Volksbank Romania through a vehicle where it partners with a French bank and a German bank, reaffirms its intention to sell the Romanian bank...
Italo Romena Head: Some People In The Sector Use Branch Vs Subsidiary Talk To Draw New Clients
Paolo Mariani, general manager of Italo Romena, the local branch of Italian group Veneto Banca, says some people in the sector have sought to attract clients using the discussion that has em...
TBI Financial Services Opens Bank In Romania, Eyes EUR100M In Assets By Year-end
Dutch financial group TBI Financial Services last week opened its first bank in Romania and targets total assets of over EUR100 million by the end of the year.
Banks Paid Just RON1B In Profit Tax In Last Three Years Of Economic Turmoil
The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the over...