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SocGen Wants To Implement BRD’s Strategy In Other Countries Too
Banks-Insurance

SocGen Wants To Implement BRD’s Strategy In Other Countries Too

French financial group Societe Generale will seek to implement BRD’s commercial and retail strategy on other markets as well, a strategy that brought it major earnings and helped it during t...

Daniela Stoican · 12.12.2011 · 00:00 · 1 min
BNR Official: Romanian Banking System Stable, No Need For Bridge Bank In 2012
Banks-Insurance

BNR Official: Romanian Banking System Stable, No Need For Bridge Bank In 2012

The Romanian banking system is stable and there will be no need to set up a bridge bank next year, Saturday said Nicolae Cinteza, head of the Supervisory Department of the central bank.

Ioana Tudor · 10.12.2011 · 16:15 · 1 min
Alpha And Bancpost Prepare For Merger
Banks-Insurance

Alpha And Bancpost Prepare For Merger

Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...

Ciprian Botea · 09.12.2011 · 00:00 · 2 min
Libra Bank Valued At EUR27 Million
Banks-Insurance

Libra Bank Valued At EUR27 Million

Libra Bank, a small bank specializing in services for professionals, was put at 120 million lei (EUR27.6 million) in a deal through which U.S. investment fund Broadhurst Investments bought 7...

Șefan Musgociu · 09.12.2011 · 00:00 · 1 min
Banks-Insurance

Romanian Banking Institute Launches Chartered Banker And Compliance Officer Courses

The Romanian Banking Institute (IBR) marked its twelfth anniversary by launching two courses for bankers on the Romanian market – Chartered Banker and compliance analysts or officers, offere...

Claudia Medrega · 25.11.2011 · 00:00 · 3 min
Pascariu, Unicredit: Romania Has No Money To Create Or Buy A Large Bank
Banks-Insurance

Pascariu, Unicredit: Romania Has No Money To Create Or Buy A Large Bank

Dan Pascariu, chairman of the Supervisory Board of UniCredit Tiriac Bank, believes the Romanian government lacks the money to create or buy a large bank that can make a difference on the mar...

Cristian Hostiuc · 31.10.2011 · 00:00 · 4 min
Banks-Insurance

About 40,000 Debtors Refinanced Loans With A Different Bank In January-May

Almost 40,000 debtors refinanced their loans with a different bank than the one that sold them the loan in the first five months of 2011, triple compared with the similar interval a year ago...

Ciprian Botea · 25.10.2011 · 00:00 · 2 min
10,000 Romanians Skipped Loan Payments In August To Go On Vacation
Banks-Insurance

10,000 Romanians Skipped Loan Payments In August To Go On Vacation

Over 10,000 Romanians joined the ranks of those with overdue bank loans in August, after the number of people falling behind with their payments had gradually gone down over three months.

Ciprian Botea · 11.10.2011 · 00:00 · 1 min
Romanians Took EUR2B Mortgage Loans Since Crisis Debut
Banks-Insurance

Romanians Took EUR2B Mortgage Loans Since Crisis Debut

Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guar...

Ciprian Botea · 30.09.2011 · 00:00 · 2 min