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Economic Recovery Not Visible Yet: Bounced Payments Soar 40% In 1Q
Checks and promissory notes worth 2.3 billion lei (EUR520 million) bounced in the first three months of this year, 44% above the level of 1Q, 2014, as banks could not find enough cash in the...
Raiffeisen To Pay RON300M Dividends From 2014 Profit
Raiffeisen, a top five player in Romania’s banking system, will pay shareholders dividends worth 300 million lei (EUR68 million) from last year’s net profit, 14% above the sum disbursed from...
ARB: Personal Insolvency Law To Have RON3.5B Impact On Banks
The personal insolvency law applied to the loan portfolio of banks in Romania would have an impact of RON3.5 billion, according to a calculation of the Romanian Banking Association (ARB) bas...
SME Loan Guarantee Fund: Value of Payments Requested By Banks For NPLs Rose 45% In 2014
The value of payment requests submitted by banks to Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) for non-performing loans (NPLs) rose 45% in 2014, the fu...
Women At The Helm Of Banks And Insurers In Romania
No large bank in Romania has a woman as president or general manager, but 12 women hold vice-president or deputy CEO positions in the boards of the ten largest players in the local system.
Concentration Level In Romanian Banking System Saw Slight Increase Over Past Years
The concentration degree in the Romanian banking system has increased modestly over the last three years, with respect to banks holding market above 5%.
Romanian Banking System Loss Stood At RON3.6B End-November 2014
Romania's banking system posted a loss of RON3.58 billion in January-November last year, as banks purged their balance sheets of non-performing loans, central bank governor Mugur Isarescu sa...
Banks In Romania Hoard Deposits, But Lending Nosedives
Banks in Romania had loans granted to individuals and companies worth around 212 billion lei (the equivalent of EUR47 billion) at the end of 2014, down RON7 billion against the end of 2013....
Romanian Banking System Loss Exceeded RON2B In 2014 - Central Bank Official
The overall banking system in Romania had losses of more than RON2 billion in 2014, as that level had already been exceeded in November, Nicolae Cinteza, head of the central bank’s Superviso...