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UniCredit Tiriac Bank Wants RBS’s Corporate Portfolio After Buying Its Retail Business
UniCredit is readying to sign with RBS an agreement to take over its corporate portfolio in Romania, after the British bank had ceded its domestic retail portfolio to the same group.
EBRD, EIB And IFC Propped Romanian Financial Sector With EUR400M In 1H
The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Roman...
Bank Payment Refusals Fall 28% On Year In Jan-May
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 3.05 billion lei (EUR682.2 million) in the first five months of 2014, down 28% on the year.
NBFIs Raked In More Profit Than Banks In Romania In 2013
The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 bil...
Banks And Insurers, One Fifth Of 100 Largest Losses In Romanian Economy In 2013
Around 20% of the almost EUR3 billion negative figure registered by the companies with the 100 widest losses in the economy last year were reported by banks and insurance companies, which vi...
Romania Seeks Financing In China For Energy And Road Infrastructure Projects
Romanian Economy Minister Constantin Nita met Wednesday in China with the vice-president of the Industrial and Commercial Bank of China, the world’s largest bank by market capitalization, an...
Half Of Romanians Trust Only Big Banks, One Third Keep Savings At Home: Survey
Half of the Romanians trust only big banks, one third prefer to keep their savings at home, (from 25% in 2006) due to the lack of confidence, low interests and high commissions, while the in...
Loan-To-Deposit Ratio Down To 102% In March
Loans were only 2% higher than the deposits of consumers and companies at the end of March, so banks are close to balance the loan to deposit ratio, meaning the lending will be funded entire...
Survey: Bankers Expect Imminent, Yet Slight Consolidation Of Romanian Banking System
Bankers expect the local profile sector will witness an imminent, yet small-scale consolidation, while lending revival, although widely anticipated, is not expected to offset the sale of non...