BANK
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Millennium Might Reduce Exposure To Romania Or Find Partner To Support Growth
Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, continued efforts to gain profitability and reduced its loss to EUR6.5 million in the first half of the year...
Misu Negritoiu: I Don’t Believe In Politics Anymore
Misu Negritoiu, a rare example of a state official who abandoned administration and politics and started a career as a manager in the private sector from scratch, says he doesn’t want to lea...
Merger Of Bancpost And Banca Romaneasca To Create 7th Largest Bank In Romania
The merger of Greek-held Bancpost and Banca Romaneasca as part of an international transaction will create the 7th largest bank in Romania after the shareholders of the two banks, National B...
UniCredit Closed 37 Branches And Cut 130 Jobs In H1
UniCredit Tiriac Bank, controlled by Italy’s UniCredit in partnership with businessman Ion Tiriac, started a significant adjustment in the first half. This is a reversal of the 2011 strategy...
Alpha Bank Loses Patience With Two More Customers
Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitio...
Consumer Loans Down, Sales Of Mortgage Loans And Credit Cards Up
Demand for loans from individual customers has shrunk this year as customers only sought mortgage loans and credit cards, while consumer loans remained in negative territory.
Central Bank Displeased With Loan Rescheduling Outcome
Loan rescheduling for individuals who are late on their installment payments has not been “satisfactory’ in terms of results, according to Romania’s central bank, as the share of rescheduled...
Millennium Bank Romania Names New General Manager
Millennium Bank Romania has appointed Jose Reino da Costa as the new general manager, replacing Jose Toscano who has filled this position for six years, the bank said in a press statement Su...
Czech PPF Bank Finances Construction Of Office Tower In Bucharest
Czech PPF Bank lent EUR39 million to Czech-based S Group Holding to develop an office tower in Romania's capital city, Bucharest.