BANKING SYSTEM
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Romania's Banking System Profit Down To RON209M In First Half
Romania’s banking system posted an aggregated profit of 209 million lei (EUR47.5 million) in the first half, much lower than RON1.15 billion in the same period a year ago, as banks continued...
Banks, Still Unable To Take Firm Steps To Restore Profitability
Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied...
The Mystery Behind Banking System’s 2013 Plummeting Profit
The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the f...
Bank Leumi Saw Profit Slide To RON2M In 2013
The local unit of Israeli group Bank Leumi generated in 2013 net profit of just 2.1 million lei (EUR0.47 million), six times below the 2012 level, and significantly lower than the forecast.
How 20 Banks Survive Sharing A Slice Of Less Than 6% Of Assets
The banking market is coping with declines, and even the largest players are unable to find ways to grow. However, not less than 20 banks are still operating with market shares of below 1%....
Parent Banks Took Out EUR7B From Romania In 2 Years
Parent banks last year withdrew 70% of funding with maturity of less than one year granted to domestic subsidiaries, namely EUR3.3 billion, marking a speeding up of the deleveraging process.
Banks Expected To End 2013 In The Black
Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion los...
Cinteza: Banking System To Make Profit In 2013; Provisions Continue Rise
The Romanian banking system will likely turn to profit in 2013, despite a substantial rise in loan-loss provisioning estimated during the last two months of the year, a central bank official...
Profit Of Banking System Exceeds RON1B In 1H
The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after...