BANKING
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SIF Oltenia's Strategy Is To Maintain High Shareholdings In Banking Sector
Romanian regional investment fund SIF Oltenia (SIF 5.RO) reported a net profit of RON101.2 million in 2016, from RON132 million a year before, and revenues of RON150 million, the company sai...
2016 In Review: Ten Most Important Events In Banking Sector
The year 2016 was a year when the banking sector saw total lending stay in positive territory, record profit and asset levels, continued consolidation and restructuring, clarification of con...
Six In Ten Romanians Pay Loan Instalments - Kruk Study
Nearly 80% of Romanians have a bank account and 66% of them use Internet banking services, while 60% have to pay back loan instalments, according to a study by debt collection firm Kruk.
Head Of CFA Institute On The Shadow Banking System, Future Of Banks And The European Banking Union
The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and t...
Agriculture, Hardly On Bankers’ Priority List
Agriculture has gained importance in bankers’ eyes since the crisis onset, advancing from 2.2% in the total portfolio of the banking sector in 2008, to 3.6% in 2012, but the level stayed unc...
SocGen Official: BRD Has Bottomed Out And Is Now On The Right Track
BRD has coped with the crisis fallout in the past two years, but this does not mean it’s become a weak entity, says Bernardo Sanchez Incera, deputy chief executive officer of Societe General...
Banking Employees’ Salaries, One Third Higher Than Before The Crisis
Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net...
Banca Transilvania Ready To Go Shopping
Banca Transilvania (TLV.RO) is in talks to buy a bank or a portfolio, with a possible deal set to be sealed if it brings added value and if it is related to the retail or SME segment, states...
UniCredit Boss: It’s Clear Romania Has Left The Worst Behind
Romania is faring better than he would have thought, one can feel a positive balance that is hard to find in many other parts of Europe, it’s clear the worst has been left behind and this is...