BANKS
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Banks Reviewed 5 Million Loan Applications In January-September
The Credit Bureau, which collects information on consumer loans, has issued 7.8 million reports in January-September as requested by banks looking for information about their current and pot...
EIB, EBRD, WB Interested In Financing Romania’s Comarnic-Brasov Highway – Minister
The European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank have expressed interest in financing Comarnic - Brasov highway, infrastructure minister...
Restructured Loans Trigger RON61M Loss For Romanian Banks In September
The Romanian banks reported a combined loss of 61 million lei (EUR13.7 million) in September, due to reclassifying restructured loans which triggered an increase in loan-loss provisions by R...
Losses Of Commercial Banks And Central Bank Strongly Affect Romania’s Budget Revenues
The Romanian state collected only 15.7 million lei from banks in the first nine months of this year as earnings tax (tax on profit), 18 times less than in the similar period of 2012, and cen...
Over 700,000 Romanians Are At Least One Month Overdue On Bank Loans
Over 700,000 Romanians are currently more than one month overdue on their bank loan payments and 4.5 million people have taken out 7.5 million bank loans, Florin Danescu, executive president...
Romania’s Contactless Card Market Seen Double In 2014, At 400,000 Units
The Romanian market of contactless smart cards is expected to double in 2014 at nearly 400,000 units, issued by Visa and MasterCard, and 10,000 contactless POS (point-of-sale) terminals, acc...
Banks Grant Loans To “Premium” Clients To Buy Romgaz Shares
The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, has made a lot of commotion on the fin...
Romanian Banks Swing To RON1.5B Aggregate Profit In Jan-August
The Romanian banks reported an aggregate net profit of 1.5 billion lei (EUR337 million) in the first eight months of 2013, versus losses a year-earlier, helped by lower risk costs and fewer...
Non-Residents Withdrew EUR1B From Romanian Banks In January-August
Non-residents, mostly banking groups, had EUR6.7 billion in medium and long-term deposits in banks in Romania at the end of August, about EUR1 billion less than in December 2012, according t...