BANK
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Ciorcila, Banca Transilvania: We Have Always Had The Decision In Our Hands, That’s Why We Grew
Paradoxically, for lender Banca Transilvania, the crisis has become the best opportunity for growth on the banking market, while the other entities have pulled back from the lending market d...
Leumi Turns Profitable In 1Q After Two-Year Restructuring Process
Israeli bank Leumi has completed its two-year restructuring process, which cut 10% of its personnel and almost halved its territorial network; the bank said it wants to stay in Romania and f...
Rabobank Owns EUR20M Worth Of Farmland In Romania
Dutch bank Rabobank is one of the most aggressive investors in farmland on the local market, having bought land worth EUR20 million in the last sixteen months, or 10,000 to 15,000 hectares,...
The Economist: Greater Concentration In Romania's Banking Sector Is Likely
Bank profitability is expected to remain low in the short term in Romania, as the favorable impact on the banking system of the return to economic growth will come with a lag. But profits wi...
Erste Wants 100% In BCR, Persuades 339 Individuals To Sell, Continues Negotiations With SIF Oltenia
Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share,...
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
The 50 Largest Business Centers In Bucharest Accommodate Over 100,000 Employees
The past ten years have seen the construction of 50 large business centers and of office buildings covering 10,000 square meters each, where over 100,000 employees of the largest banks and c...
Burnout In Banks Is Very Common, Those Who Leave The System Do It For Good
Each employee in Banca Transilvania’s front office interacts with an average 100 clients per day and the burnout in the banking sector is at record highs, which prompts some employees to tur...
BRD Boss: 2012 Will Resemble 2011, Economy Remains Sluggish
2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the m...