BANK
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Only Four Out Of Top 10 Banks Kept Their Heads, BCR Nearly Lost Its CEO
After three years of crisis, the banking system is deeply affected by the absence of strong management able to speed up its restructuring and bring it back to healthy growth: BCR, the larges...
Was ‘First Home’ Created For Banks Or People?
About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, accordi...
BCR And BRD Get Another EUR105 Million For First Home Loans
BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme.
How Banks Can Charge Twice For The Same Payment
The decline of credit sales and implicitly of interest rate income are forcing banks to identify new sources of income, which led to the emergence of fees that are difficult to justify, such...
Former UniCredit Tiriac Bank Treasury Head Bogdan Mihoc Returns To Banking System
Bogdan Mihoc, one of the best-known dealers on the market, has returned to the banking system four years after being expelled from it, and took on the position of head of treasury with Volks...
Capital Increases Of EUR380M For Banks, Insurers In First Four Months Of 2012
Foreign banks and insurers have contributed more than EUR380 million to the capital of their local subsidiaries since the beginning of this year to offset the losses caused by the sales decl...
Millennium Bank Romania To Have New CEO
Portuguese banker Jose Toscano is preparing to leave the position of chief executive at Millennium Bank Romania after a five-year term, according to banking sources.
RBS: We Are Among The Most Profitable, But Giving Up Retail Will Make Us Stronger
RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most...
First Banking Merger Since Start Of Crisis: Intesa Absorbs CR Firenze
The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR Firenze will end after the merger becomes effec...