BANKS
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None Of First Home Participating Banks Wants To Withdraw – Finance Ministry
None of the banks participating in the government-guaranteed mortgage lending First Home program has informed the Finance Ministry about its intention to withdraw from the project so far, th...
Bogza, BancPost: Legislative Uncertainties May Keep Investors Away From Romania Banking Sector
Foreigners investing in the Romanian economy might soon become "inhibited" as regards costly investments, especially in the banking sector, due to legislative uncertainties, Mihai Bogza, Cha...
ING Expects Large Repo Operation On Monday – Analysts
Analysts with ING Bank Romania, the local unit of Dutch-registered ING Bank NV, expect a high-value repurchasing agreement operation next week, without making an estimate on the actual amoun...
Crédit Agricole Romania Extends Pierre Martin's Vice-President Term Until August 2018
Credit Agricole Romania, the local subsidiary of French banking group Credit Agricole, approved in stockholders’ meeting the mandate extension of Pierre Martin as vice-president with the ban...
Piraeus Bank Sells Piraeus Insurance Broker
Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen.
EIB Granted EUR900 Loans To Romanian Banks In 2010-2014
The European Investment Bank (EIB) granted total loans of EUR2.8 billion to Romania between 2010-2014, EUR895 million of which targeted the banks and non-banking financial institutions (IFNs...
KPMG Head: Romanian Banking Sector Seen Strengthening Furthermore; Greek Branches May Be Put Up For Sale
The Romanian banking sector may strengthen furthermore, continuing the positive trend in 2014 and early 2015, while the four branches of the Greek-based banks may be put up for sale as part...
Isarescu: Greek Banks’ Romanian Units Are Not Dependent On Parent Banks
Greek banks’ Romanian units are not dependent on parent banks and the financing lines coming from parent banks account for 27.5% of total liabilities, Romanian central bank governor Mugur Is...
Romania Sets Up Intervention Funds For Banking Sector And Investment Firms
The Romanian Government has approved the setting up of a bank resolution fund, based on the model of the bank restructuring fund, with contributions from the financial sector, whose resource...