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Credit Agricole May Have Run Out Of Patience With Romania Losses
Credit Agricole, the Romanian subsidiary of one of the strongest French banking groups, reported net loss of 28.2 million lei (EUR6.3 million) for 2013 after having posted a negative result...
Deposits Guaranteed By Bank Deposit Guarantee Fund Reached RON159.2B End-March
The total value of bank deposits guaranteed by the Bank Deposit Guarantee Fund (FGDB) stood at 159.2 billion lei (EUR35.6 billion) at the end of March 2014, which translates into a 1.4% quar...
Banks Head Toward 500,000 Contactless Cards
The six domestic banks that issue contactless cards have reached a portfolio of around 440,000 such cards and an acceptance network of around 5,500 contactless POS terminals.
Garanti Bank: Companies Must Carry Out Investment Projects To Become Profitable
Companies ought to carry out investment projects that attract foreign or local capital and become profitable to be able to contract bank loans, said Rozalia Pal, chief economist with Garanti...
Romanian Lenders See Improvement In Liquidated Asset Sales
Banks see improvement in asset liquidation sales and support company restructuring outside of insolvency procedures, which they consider simpler and less costly than insolvency.
Bankers In Romania Expect Bond Market Revival
The market is flush with cash and its price has never been so low. Thus, the Romanian market is not having a cash issue now, but it’s coping with a loan demand shortage. On the other hand, b...
Two Banks To Administer Lending Fund For Small Farmers In Romania
Romania’s Agriculture Ministry will set up a lending fund for small farmers and the money will be administered by two banks, Agriculture Minster Daniel Constantin told a press conference Wed...
Checkups With Credit Bureau, Up 80% In First 2 Months Of 2014
The Credit Bureau released, at bankers’ request, 1.9 million reports about the situation of existent and potential clients in January and February, up 80% year-on-year. Almost half of these...
Government To Limit Inter-Bank Fees For Card Payments
Romanian government will restrict inter-bank fees that the card issuer charges from the bank whose terminals are used for payments to retailers, to 0.2% for debit cards and 0.3% for credit c...